Eastern Bank Sells 2,363 Shares of The TJX Companies, Inc. $TJX

Eastern Bank trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 124,874 shares of the apparel and home fashions retailer’s stock after selling 2,363 shares during the quarter. Eastern Bank’s holdings in TJX Companies were worth $15,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Clear Creek Financial Management LLC raised its stake in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer’s stock worth $586,000 after buying an additional 83 shares during the last quarter. Knuff & Co LLC raised its stake in shares of TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after buying an additional 83 shares during the last quarter. 3Chopt Investment Partners LLC raised its stake in shares of TJX Companies by 1.6% during the second quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer’s stock worth $647,000 after buying an additional 83 shares during the last quarter. McLean Asset Management Corp raised its stake in shares of TJX Companies by 3.2% during the second quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer’s stock worth $344,000 after buying an additional 84 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in shares of TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock worth $485,000 after buying an additional 86 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TJX shares. Citigroup boosted their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $147.63.

TJX Companies Stock Up 1.3%

TJX Companies stock opened at $140.38 on Friday. The stock has a market capitalization of $156.23 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 3.08 and a beta of 0.92. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $145.58. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $138.07 and a 200-day moving average of $130.10.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio is 38.72%.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.