Mirabaud Asset Management Ltd Sells 11,677 Shares of The TJX Companies, Inc. $TJX

Mirabaud Asset Management Ltd lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 16.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,857 shares of the apparel and home fashions retailer’s stock after selling 11,677 shares during the quarter. TJX Companies accounts for approximately 3.4% of Mirabaud Asset Management Ltd’s holdings, making the stock its 13th biggest holding. Mirabaud Asset Management Ltd’s holdings in TJX Companies were worth $7,262,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in TJX Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock valued at $12,230,396,000 after acquiring an additional 1,099,129 shares during the period. Ameriprise Financial Inc. lifted its stake in TJX Companies by 0.3% during the first quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock worth $1,591,758,000 after purchasing an additional 35,800 shares during the period. Amundi boosted its holdings in TJX Companies by 10.2% during the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after purchasing an additional 1,104,292 shares in the last quarter. Nuveen LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at approximately $1,330,717,000. Finally, Invesco Ltd. raised its holdings in shares of TJX Companies by 2.8% in the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock worth $1,096,273,000 after buying an additional 247,579 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $144.59 on Friday. The stock has a 50-day simple moving average of $141.57 and a 200 day simple moving average of $132.79. The stock has a market capitalization of $160.92 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 3.14 and a beta of 0.90. 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 TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $146.46.

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

TJX Companies Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is currently 38.72%.

Analysts Set New Price Targets

Several brokerages recently commented on TJX. Bank of America boosted their price target on TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Robert W. Baird boosted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. BTIG Research initiated coverage on shares of TJX Companies in a report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 target price on the stock. Erste Group Bank initiated coverage on shares of TJX Companies in a report on Friday, September 5th. They set a “buy” rating for the company. Finally, 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 research note on Thursday, August 21st. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $149.00.

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.