Beacon Investment Advisory Services Inc. Boosts Holdings in The TJX Companies, Inc. $TJX

Beacon Investment Advisory Services Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.3% during the third quarter, Holdings Channel reports. The fund owned 302,747 shares of the apparel and home fashions retailer’s stock after buying an additional 15,313 shares during the period. TJX Companies makes up approximately 1.8% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 14th largest position. Beacon Investment Advisory Services Inc.’s holdings in TJX Companies were worth $43,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First American Bank grew its stake in TJX Companies by 4.5% in the 2nd quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock valued at $17,145,000 after buying an additional 5,921 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of TJX Companies by 129.9% in the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after acquiring an additional 152,453 shares during the period. MinichMacGregor Wealth Management LLC bought a new position in shares of TJX Companies in the second quarter worth $5,045,000. Empowered Funds LLC grew its position in shares of TJX Companies by 66.6% in the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after purchasing an additional 30,779 shares in the last quarter. Finally, Hendley & Co. Inc. raised its stake in shares of TJX Companies by 75.0% during the 2nd quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer’s stock valued at $1,026,000 after purchasing an additional 3,560 shares during the period. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on TJX shares. Evercore ISI raised their target price on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Morgan Stanley restated an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Finally, BTIG Research reissued a “buy” rating and issued a $165.00 price target on shares of TJX Companies in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $161.50.

TJX Companies Stock Down 0.1%

TJX stock opened at $157.14 on Friday. The company’s 50 day moving average is $149.16 and its 200 day moving average is $138.39. The stock has a market cap of $174.50 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 3.53 and a beta of 0.76. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $157.82.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. TJX Companies’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the transaction, the chief executive officer directly owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the sale, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 54,863 shares of company stock worth $8,226,366 in the last 90 days. Company insiders own 0.13% of the company’s stock.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.