WealthPLAN Partners LLC Sells 656 Shares of The TJX Companies, Inc. $TJX

WealthPLAN Partners LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 22.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,205 shares of the apparel and home fashions retailer’s stock after selling 656 shares during the period. WealthPLAN Partners LLC’s holdings in TJX Companies were worth $272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Financial Partners Inc raised its position in TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer’s stock valued at $46,989,000 after purchasing an additional 8,319 shares during the last quarter. FCG Investment Co bought a new position in TJX Companies during the 1st quarter valued at approximately $2,620,000. MinichMacGregor Wealth Management LLC bought a new position in TJX Companies during the 2nd quarter valued at approximately $5,045,000. Mainstream Capital Management LLC raised its position in TJX Companies by 4.3% during the 1st quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer’s stock valued at $1,516,000 after purchasing an additional 515 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC grew its holdings in shares of TJX Companies by 12.6% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer’s stock worth $4,974,000 after acquiring an additional 4,579 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Evercore ISI upped their target price on TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Citigroup upped their target price on TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Erste Group Bank assumed coverage on TJX Companies in a report on Friday, September 5th. They set a “buy” rating on the stock. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Finally, Daiwa Capital Markets assumed coverage on TJX Companies in a report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and an average price target of $148.50.

TJX Companies Stock Performance

TJX Companies stock opened at $142.42 on Friday. 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 market capitalization of $158.50 billion, a P/E ratio of 32.44, a PEG ratio of 3.22 and a beta of 0.92. The stock’s 50 day moving average is $139.08 and its 200 day moving average is $130.74. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $146.46.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. 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 predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

About TJX Companies

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.