The TJX Companies, Inc. $TJX Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,478,148 shares of the apparel and home fashions retailer’s stock after selling 92,199 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in TJX Companies were worth $327,884,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TJX. Cetera Trust Company N.A bought a new position in TJX Companies during the second quarter valued at $27,000. William Mack & Associates Inc. bought a new stake in shares of TJX Companies in the 3rd quarter worth about $29,000. Balance Wealth Partners LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth about $31,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TJX Companies in the 2nd quarter worth about $35,000. Finally, Cedar Mountain Advisors LLC raised its position in shares of TJX Companies by 47.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock valued at $36,000 after buying an additional 73 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.7%

NYSE TJX opened at $140.34 on Friday. 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 TJX Companies, Inc. has a 52 week low of $122.78 and a 52 week high of $170.00. The firm has a market capitalization 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 fifty day moving average of $135.71 and a two-hundred day moving average of $151.19.

TJX Companies (NYSE:TJX) last announced its earnings results 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. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. 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 firm posted $1.10 earnings per share. The business’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. On average, analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio is presently 35.49%.

Analysts Set New Price Targets

A number of research analysts recently commented on TJX shares. The Goldman Sachs Group lowered their price target on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Bank of America dropped their price target on TJX Companies from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $168.00 to $171.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Wolfe Research started coverage on TJX Companies in a research report on Wednesday, October 21st. They set a “peer perform” rating on the stock. Finally, Evercore reaffirmed an “outperform” rating and issued a $173.00 price objective (down from $175.00) on shares of TJX Companies in a research note on Thursday, August 20th. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.95.

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.