Lebenthal Global Advisors LLC Buys 5,222 Shares of The TJX Companies, Inc. $TJX

Lebenthal Global Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 65.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,238 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,222 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in TJX Companies were worth $1,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Trust Company N.A acquired a new stake in shares of TJX Companies in the 2nd quarter valued at about $27,000. William Mack & Associates Inc. acquired a new position in shares of TJX Companies during the third quarter worth about $29,000. Evergreen Advisors LLC acquired a new position in shares of TJX Companies during the first quarter worth about $36,000. Cedar Mountain Advisors LLC boosted its position in shares of TJX Companies by 47.7% during the first quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 73 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in shares of TJX Companies during the second quarter worth about $35,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TJX. Evercore reissued an “outperform” rating and issued a $173.00 target price (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. Gordon Haskett downgraded TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 price target for the company. in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 price target on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. UBS Group reaffirmed a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Jefferies Financial Group downgraded shares of TJX Companies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Twenty-one investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.95.

TJX Companies Trading Down 0.7%

Shares of NYSE:TJX opened at $140.34 on Friday. The company’s 50-day moving average price is $135.71 and its two-hundred day moving average price is $151.19. The TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The stock has a market capitalization of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.68 and a beta of 0.56.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. TJX Companies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. 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. On average, equities 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. Investors 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 yield of 1.4%. TJX Companies’s dividend 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.