The TJX Companies, Inc. $TJX Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 64.8% during the third quarter, Holdings Channel.com reports. The firm owned 2,545 shares of the apparel and home fashions retailer’s stock after selling 4,691 shares during the quarter. United Asset Strategies Inc.’s holdings in TJX Companies were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of TJX Companies during the second quarter valued at approximately $16,489,926,000. State Street Corp grew its stake in shares of TJX Companies by 2.9% in the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock worth $7,530,947,000 after buying an additional 1,388,026 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of TJX Companies in the 2nd quarter worth approximately $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TJX Companies by 7.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock worth $1,902,841,000 after buying an additional 883,294 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in TJX Companies during the 2nd quarter valued at approximately $1,598,731,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TJX shares. Evercore reiterated an “outperform” rating and set a $173.00 price objective (down from $175.00) on shares of TJX Companies in a research note on Thursday, August 20th. Wells Fargo & Company dropped their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a report on Thursday, August 20th. Daiwa Securities Group cut their target price on TJX Companies from $168.00 to $155.00 in a research note on Tuesday, August 25th. 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 report on Thursday, August 20th. Finally, JPMorgan Chase & Co. raised their price target on TJX Companies from $168.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $174.95.

TJX Companies Trading Down 0.7%

Shares of NYSE TJX opened at $140.34 on Friday. The firm’s 50 day moving average price is $135.71 and its 200-day moving average price is $151.19. The company has a market cap of $154.37 billion, a PE ratio of 25.94, a P/E/G ratio of 2.68 and a beta of 0.56. The TJX Companies, Inc. has a 52-week low of $122.78 and a 52-week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. On average, equities research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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 dividend yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is 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.