Spire Wealth Management Raises Stock Holdings in The TJX Companies, Inc. $TJX

Spire Wealth Management boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 98.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,410 shares of the apparel and home fashions retailer’s stock after buying an additional 9,605 shares during the quarter. Spire Wealth Management’s holdings in TJX Companies were worth $2,386,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TJX. Arkadios Wealth Advisors lifted its stake in shares of TJX Companies by 32.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 36,461 shares of the apparel and home fashions retailer’s stock worth $4,502,000 after purchasing an additional 8,992 shares during the period. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of TJX Companies by 4.3% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 2,185 shares of the apparel and home fashions retailer’s stock worth $270,000 after purchasing an additional 90 shares during the period. Daymark Wealth Partners LLC lifted its stake in shares of TJX Companies by 15.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 21,113 shares of the apparel and home fashions retailer’s stock worth $2,607,000 after purchasing an additional 2,764 shares during the period. Mayflower Financial Advisors LLC lifted its stake in shares of TJX Companies by 2.7% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 14,925 shares of the apparel and home fashions retailer’s stock worth $1,843,000 after purchasing an additional 386 shares during the period. Finally, Bank of Jackson Hole Trust lifted its stake in shares of TJX Companies by 36.6% in the 2nd quarter. Bank of Jackson Hole Trust now owns 579 shares of the apparel and home fashions retailer’s stock worth $72,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. Barclays increased their target price on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Robert W. Baird lifted their price objective on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Daiwa Capital Markets began coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 target price on the stock. Erste Group Bank started coverage on TJX Companies in a research note on Friday, September 5th. They set a “buy” rating on the stock. Finally, UBS Group upped their target price on TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $149.00.

TJX Companies Stock Up 0.4%

NYSE TJX opened at $142.30 on Friday. The business has a fifty day moving average price of $140.87 and a 200 day moving average price of $132.11. The TJX Companies, Inc. has a one year low of $111.73 and a one year high of $146.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company has a market cap of $158.37 billion, a P/E ratio of 32.41, a P/E/G ratio of 3.14 and a beta of 0.92.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

TJX Companies Company 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.