5,034 Shares in The TJX Companies, Inc. $TJX Acquired by Partners Wealth Management LLC

Partners Wealth Management LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,034 shares of the apparel and home fashions retailer’s stock, valued at approximately $666,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of TJX Companies during the second quarter worth $16,489,926,000. Bank of America Corp DE bought a new position in shares of TJX Companies in the second quarter worth $3,511,553,000. Bank of New York Mellon Corp bought a new position in shares of TJX Companies in the second quarter worth $1,598,731,000. Primecap Management Co. CA purchased a new position in shares of TJX Companies in the second quarter valued at $1,435,617,000. Finally, Deutsche Bank AG purchased a new position in shares of TJX Companies in the second quarter valued at $866,901,000. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on TJX. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and cut their target price for the stock from $180.00 to $145.00 in a research note on Wednesday, August 26th. Barclays set a $188.00 target price on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Wells Fargo & Company reduced their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, August 20th. Finally, Gordon Haskett cut TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 price target on the stock. in a research report on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.95.

TJX Companies Stock Down 0.7%

Shares of NYSE:TJX opened at $140.34 on Friday. The firm has a fifty day moving average price of $135.71 and a two-hundred day moving average price of $151.19. The company has a market cap of $154.37 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.66 and a beta of 0.56. 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 TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly 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. Analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio is currently 35.49%.

About TJX Companies

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.