PNC Financial Services Group Inc. Grows Stock Holdings in The TJX Companies, Inc. $TJX

PNC Financial Services Group Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,814,216 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,934 shares during the period. PNC Financial Services Group Inc.’s holdings in TJX Companies were worth $224,037,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TJX. TCTC Holdings LLC boosted its stake in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in TJX Companies during the 2nd quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $32,000. True Wealth Design LLC boosted its position in TJX Companies by 121.1% in the 2nd quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 149 shares in the last quarter. Finally, Activest Wealth Management grew its position in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after acquiring an additional 314 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TJX. Wells Fargo & Company set a $140.00 price target on TJX Companies and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Citigroup lifted their price objective on TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Macquarie restated a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. Sanford C. Bernstein raised their target price on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average target price of $151.75.

TJX Companies Stock Down 0.5%

Shares of TJX Companies stock opened at $146.04 on Wednesday. The company has a market cap of $162.53 billion, a P/E ratio of 33.27, a PEG ratio of 3.14 and a beta of 0.90. The firm has a fifty day moving average of $141.93 and a two-hundred day moving average of $133.12. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $147.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The company 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 for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $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, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is currently 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.