The TJX Companies, Inc. $TJX Position Cut by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 7.8% in the 3rd quarter, Holdings Channel reports. The firm owned 83,909 shares of the apparel and home fashions retailer’s stock after selling 7,129 shares during the period. Park Avenue Securities LLC’s holdings in TJX Companies were worth $11,102,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TJX. Gratus Wealth Advisors LLC bought a new position in TJX Companies during the third quarter worth about $505,000. Segment Wealth Management LLC grew its stake in TJX Companies by 2.3% in the third quarter. Segment Wealth Management LLC now owns 114,016 shares of the apparel and home fashions retailer’s stock valued at $15,086,000 after acquiring an additional 2,572 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of TJX Companies by 3.0% in the third quarter. Flagship Harbor Advisors LLC now owns 15,985 shares of the apparel and home fashions retailer’s stock worth $2,115,000 after acquiring an additional 464 shares in the last quarter. Patton Albertson Miller Group LLC increased its holdings in shares of TJX Companies by 5.0% in the third quarter. Patton Albertson Miller Group LLC now owns 2,891 shares of the apparel and home fashions retailer’s stock worth $383,000 after acquiring an additional 138 shares in the last quarter. Finally, Plimoth Trust Co. LLC increased its holdings in shares of TJX Companies by 9.1% in the third quarter. Plimoth Trust Co. LLC now owns 29,439 shares of the apparel and home fashions retailer’s stock worth $3,895,000 after acquiring an additional 2,451 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 2.4%

TJX stock opened at $140.27 on Wednesday. The stock has a 50-day moving average price of $136.04 and a two-hundred day moving average price of $151.46. The stock has a market cap of $154.29 billion, a PE ratio of 25.93 and a beta of 0.56. 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 released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. 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 forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies’s dividend payout ratio (DPR) is currently 35.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. UBS Group reaffirmed a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research report on Tuesday, August 25th. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company dropped their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a report on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $174.95.

TJX Companies News Summary

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Gordon Haskett raised its price target for TJX to $175, signaling confidence in the retailer’s operating outlook and potential upside. Gordon Haskett raises target for TJX Companies stock
• Positive Sentiment: TJX is benefiting from continued consumer demand for discounted merchandise. Its Marshalls banner is expanding its store footprint ahead of the holiday season, potentially supporting traffic and sales growth. TJX expands Marshalls footprint
• Neutral Sentiment: UBS’s bullish upgrade of rival Ross Stores highlights strong demand across the off-price retail category. The analysis also identifies TJX as the productivity benchmark, reinforcing its competitive position while increasing attention on whether rivals can narrow the gap. Off-price retail sector analysis
• Negative Sentiment: Bank of America lowered its TJX price target to $170 from $175, although it maintained a Buy rating. The reduction may have weighed on sentiment by suggesting somewhat less near-term upside, despite the target still implying meaningful appreciation from recent levels. BofA adjusts TJX price target
• Negative Sentiment: TJX stock fell during the latest session while the broader market moved higher, indicating company-specific profit-taking or concern that expectations and valuation remain elevated. TJX stock falls amid market uptick

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.