The TJX Companies, Inc. $TJX Stock: Focused Investors LLC Trims Stake

Focused Investors LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 691,900 shares of the apparel and home fashions retailer’s stock after selling 133,400 shares during the quarter. TJX Companies makes up 3.8% of Focused Investors LLC’s holdings, making the stock its 13th largest holding. Focused Investors LLC’s holdings in TJX Companies were worth $91,545,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cetera Trust Company N.A purchased a new stake in shares of TJX Companies during the second quarter valued at approximately $27,000. William Mack & Associates Inc. bought a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Evergreen Advisors LLC purchased a new position in TJX Companies in the 1st quarter worth approximately $36,000. Cedar Mountain Advisors LLC raised its holdings in TJX Companies by 47.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock worth $36,000 after acquiring an additional 73 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in TJX Companies in the 2nd quarter worth approximately $35,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TJX. Barclays set a $188.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Bank of America lowered their price target on TJX Companies from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. JPMorgan Chase & Co. increased their price objective on TJX Companies from $168.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. BTIG Research reiterated a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Finally, Wolfe Research started coverage on TJX Companies in a research report on Wednesday, October 21st. They issued a “peer perform” rating for the company. Twenty-one investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.95.

TJX Companies Stock Performance

TJX opened at $137.54 on Wednesday. The company has a 50 day simple moving average of $135.65 and a two-hundred day simple moving average of $151.02. 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 firm has a market cap of $151.29 billion, a P/E ratio of 25.42, a PEG ratio of 2.67 and a beta of 0.58. The TJX Companies, Inc. has a 1-year low of $122.78 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX) last announced 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 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 the consensus estimate of $15.16 billion. During the same period last year, the firm earned $1.10 EPS. The company’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. Equities analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) 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.