The TJX Companies, Inc. $TJX Shares Sold by Provident Trust Co.

Provident Trust Co. lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 41.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,212,432 shares of the apparel and home fashions retailer’s stock after selling 873,247 shares during the quarter. TJX Companies comprises 5.0% of Provident Trust Co.’s portfolio, making the stock its 10th biggest holding. Provident Trust Co. owned approximately 0.11% of TJX Companies worth $160,417,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TJX. Woodmont Investment Counsel LLC increased its stake in TJX Companies by 4.9% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 8,970 shares of the apparel and home fashions retailer’s stock worth $1,187,000 after acquiring an additional 415 shares during the last quarter. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of TJX Companies by 9.7% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 2,671 shares of the apparel and home fashions retailer’s stock worth $353,000 after acquiring an additional 236 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of TJX Companies by 2.8% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 776,162 shares of the apparel and home fashions retailer’s stock valued at $103,011,000 after acquiring an additional 21,037 shares during the last quarter. Virtue Capital Management LLC boosted its position in shares of TJX Companies by 14.9% during the 3rd quarter. Virtue Capital Management LLC now owns 2,531 shares of the apparel and home fashions retailer’s stock valued at $335,000 after acquiring an additional 329 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of TJX Companies in the third quarter valued at $47,098,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.0%

Shares of TJX stock opened at $140.34 on Monday. The company has a market cap of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.66 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. The stock’s 50 day simple moving average is $135.71 and its two-hundred day simple moving average is $151.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 56.56% and a net margin of 9.73%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous 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. Research 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 announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be paid a $0.48 dividend. 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 is currently 35.49%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TJX. Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Wells Fargo & Company lowered their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, August 20th. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. The Goldman Sachs Group reduced their target price on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Finally, Bank of America reduced their target price on shares of TJX Companies from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Twenty-one research 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 presently has a consensus rating of “Moderate Buy” and an average 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.