Community Financial Services Group LLC Sells 7,858 Shares of The TJX Companies, Inc. $TJX

Community Financial Services Group LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.1% during the 3rd quarter, Holdings Channel reports. The fund owned 13,915 shares of the apparel and home fashions retailer’s stock after selling 7,858 shares during the quarter. Community Financial Services Group LLC’s holdings in TJX Companies were worth $1,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Coston McIsaac & Partners raised its position in shares of TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC grew its position in shares of TJX Companies by 11.0% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock valued at $106,000 after purchasing an additional 66 shares during the period. HBW Advisory Services LLC boosted its holdings in TJX Companies by 5.1% in the 2nd quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock worth $206,000 after buying an additional 66 shares during the last quarter. Howard Financial Services LTD. boosted its stake in shares of TJX Companies by 3.5% in the second quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer’s stock worth $307,000 after acquiring an additional 69 shares during the last quarter. Finally, Millstone Evans Group LLC increased its position in shares of TJX Companies by 26.0% during the first quarter. Millstone Evans Group LLC now owns 344 shares of the apparel and home fashions retailer’s stock worth $55,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of a number of recent research reports. Daiwa Securities Group cut their price objective on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. BTIG Research reiterated a “buy” rating and set a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Jefferies Financial Group downgraded shares of TJX Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $180.00 to $145.00 in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. lifted their price target 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. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $174.86.

TJX Companies Price Performance

TJX Companies stock opened at $144.60 on Friday. 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 stock has a market capitalization of $159.06 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The business has a 50 day simple moving average of $137.10 and a 200-day simple moving average of $150.23. The TJX Companies, Inc. has a 12 month low of $122.78 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion during 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 firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period 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. Equities analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current 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 issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise at prices generally below those of traditional department and specialty stores. Its inventory typically includes branded, designer and name-brand products purchased through opportunistic buying, including order cancellations, excess production and closeout merchandise. Product selection and pricing can vary by store and change frequently.

The company operates a portfolio of retail chains in the United States, Canada, Europe and Australia.