Harbour Trust & Investment Management Co raised its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,191 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,841 shares during the quarter. TJX Companies accounts for approximately 1.3% of Harbour Trust & Investment Management Co’s holdings, making the stock its 23rd largest holding. Harbour Trust & Investment Management Co’s holdings in TJX Companies were worth $13,653,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of TJX Companies during the second quarter worth about $16,489,926,000. State Street Corp raised its position in TJX Companies by 2.9% in the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock valued at $7,530,947,000 after buying an additional 1,388,026 shares during the last quarter. Bank of America Corp DE bought a new stake in TJX Companies in the 2nd quarter valued at approximately $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in TJX Companies by 7.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock valued at $1,902,841,000 after acquiring an additional 883,294 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in TJX Companies in the 2nd quarter valued at approximately $1,598,731,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on TJX shares. Wells Fargo & Company reduced their price target on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. BTIG Research reissued a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $180.00 to $145.00 in a report on Wednesday, August 26th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.95.
Read Our Latest Research Report on TJX
TJX Companies Price Performance
NYSE:TJX opened at $141.60 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The stock’s 50-day simple moving average is $135.71 and its 200 day simple moving average is $151.28. The company has a market cap of $155.76 billion, a P/E ratio of 27.03, a P/E/G ratio of 2.62 and a beta of 0.56. The TJX Companies, Inc. has a 52-week low of $122.78 and a 52-week high of $170.00.
TJX Companies (NYSE:TJX – Get Free Report) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. TJX Companies’s revenue was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.
TJX Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies’s payout ratio is 35.49%.
TJX Companies Profile
The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.
The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.
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