Argus Investors Counsel Inc. Increases Stock Holdings in The TJX Companies, Inc. $TJX

Argus Investors Counsel Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 71.2% in the second quarter, HoldingsChannel.com reports. The firm owned 9,612 shares of the apparel and home fashions retailer’s stock after buying an additional 3,997 shares during the period. Argus Investors Counsel Inc.’s holdings in TJX Companies were worth $1,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Pinnacle Financial Partners Inc increased its holdings 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 worth $46,989,000 after purchasing an additional 8,319 shares in the last quarter. State of Alaska Department of Revenue grew its stake in TJX Companies by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer’s stock valued at $22,132,000 after buying an additional 3,125 shares in the last quarter. FCG Investment Co purchased a new position in TJX Companies in the 1st quarter worth $2,620,000. MinichMacGregor Wealth Management LLC purchased a new position in shares of TJX Companies during the second quarter valued at about $5,045,000. Finally, Mainstream Capital Management LLC grew its holdings in shares of TJX Companies by 4.3% during the first 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 buying an additional 515 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on TJX shares. UBS Group lifted their price target on shares of TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Daiwa Capital Markets began coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price target on the stock. Evercore ISI upped their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Erste Group Bank began coverage on TJX Companies in a research report on Friday, September 5th. They issued a “buy” rating for the company. Finally, Daiwa America raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $147.58.

TJX Companies Trading Up 1.2%

Shares of TJX stock opened at $143.09 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $159.25 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. The stock’s 50-day moving average price is $134.77 and its 200-day moving average price is $128.39. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis 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 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.