Illinois Municipal Retirement Fund cut its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 323,740 shares of the apparel and home fashions retailer’s stock after selling 7,095 shares during the quarter. TJX Companies makes up about 0.5% of Illinois Municipal Retirement Fund’s holdings, making the stock its 29th biggest position. Illinois Municipal Retirement Fund’s holdings in TJX Companies were worth $42,834,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of TJX Companies by 14.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 208,220 shares of the apparel and home fashions retailer’s stock valued at $27,816,000 after acquiring an additional 26,127 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in TJX Companies by 12.2% during the third quarter. Verus Capital Partners LLC now owns 1,606 shares of the apparel and home fashions retailer’s stock worth $212,000 after acquiring an additional 175 shares during the period. AlphaCentric Advisors LLC lifted its holdings in TJX Companies by 11.2% during the third quarter. AlphaCentric Advisors LLC now owns 1,993 shares of the apparel and home fashions retailer’s stock worth $264,000 after acquiring an additional 200 shares during the period. Pathway Financial Advisers LLC bought a new stake in TJX Companies during the third quarter worth $66,000. Finally, Bfsg LLC boosted its position in TJX Companies by 5.1% in the third quarter. Bfsg LLC now owns 51,600 shares of the apparel and home fashions retailer’s stock worth $6,827,000 after purchasing an additional 2,488 shares during the last quarter. 91.09% of the stock is owned by institutional investors.
TJX Companies Trading Down 1.0%
Shares of TJX stock opened at $136.80 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a market cap of $150.47 billion, a P/E ratio of 26.98, a PEG ratio of 2.62 and a beta of 0.58. The company has a 50 day moving average of $135.93 and a 200-day moving average of $150.60. The TJX Companies, Inc. has a 12-month low of $122.78 and a 12-month high of $170.00.
TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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 the consensus estimate of $15.16 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. TJX Companies’s revenue for the quarter 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.
TJX Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies’s payout ratio is presently 35.49%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on TJX. Daiwa Securities Group reduced their price objective on TJX Companies from $168.00 to $155.00 in a research note on Tuesday, August 25th. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Guggenheim set a $152.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Monday, August 31st. Evercore reissued an “outperform” rating and issued a $173.00 price target (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Finally, Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $172.78.
View Our Latest Analysis on TJX
Key Headlines Impacting TJX Companies
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: UBS expects largely in-line third-quarter results and says softer Marmaxx sales are unlikely to derail investor confidence. It maintained its Buy rating; its revised $184 target still implies substantial upside from the referenced $136.80 price. Article
- Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating and a $139 price target, signaling limited near-term upside in its view. Cantor Fitzgerald recommendations
- Neutral Sentiment: Marshalls launched a holiday gift-guide campaign with Lindsay Lohan and online creators. The marketing push may support seasonal visibility, though its effect on sales is not yet clear. Campaign announcement
- Negative Sentiment: UBS cut its TJX price target to $184 from $198, despite retaining its Buy rating. The reduction, alongside the approaching earnings report and softer Marmaxx sales, adds some caution around the near-term outlook. UBS target revision
TJX Companies Profile
The TJX Companies, Inc. is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers. The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.
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