The TJX Companies, Inc. $TJX Stock: Pictet Asset Management Holding SA Trims Stake

Pictet Asset Management Holding SA reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,023,595 shares of the apparel and home fashions retailer’s stock after selling 28,834 shares during the period. Pictet Asset Management Holding SA’s holdings in TJX Companies were worth $135,437,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Verus Capital Partners LLC raised its holdings in shares of TJX Companies by 12.2% during the 3rd 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 in the last quarter. AlphaCentric Advisors LLC boosted its position in shares of TJX Companies by 11.2% during the 3rd quarter. AlphaCentric Advisors LLC now owns 1,993 shares of the apparel and home fashions retailer’s stock valued at $264,000 after acquiring an additional 200 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at approximately $66,000. Bfsg LLC grew its holdings in shares of 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 valued at $6,827,000 after purchasing an additional 2,488 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of TJX Companies by 1.1% in the third quarter. Boston Trust Walden Corp now owns 96,592 shares of the apparel and home fashions retailer’s stock valued at $12,780,000 after purchasing an additional 1,032 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX stock opened at $135.26 on Monday. 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 business’s fifty day simple moving average is $135.81 and its two-hundred day simple moving average is $150.77. The TJX Companies, Inc. has a twelve month low of $122.78 and a twelve month high of $170.00. The firm has a market cap of $148.78 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.56 and a beta of 0.58.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. 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 predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued 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 currently 35.49%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TJX shares. Gordon Haskett downgraded shares of TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 price target on the stock. in a research note on Thursday, August 20th. Daiwa Securities Group dropped their price objective on shares of TJX Companies from $168.00 to $155.00 in a research note on Tuesday, August 25th. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $168.00 to $171.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Bank of America reduced their target price on shares of TJX Companies from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Finally, Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $180.00 to $145.00 in a research report on Wednesday, August 26th. Twenty-one research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $174.95.

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.

TJX traces its history to the Zayre discount retail business and became The TJX Companies in 1987.