The TJX Companies, Inc. $TJX Stock Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 184,273 shares of the apparel and home fashions retailer’s stock after acquiring an additional 16,963 shares during the quarter. ProShare Advisors LLC’s holdings in TJX Companies were worth $24,381,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TJX. Cetera Trust Company N.A purchased a new stake in TJX Companies during the second quarter valued at about $27,000. William Mack & Associates Inc. bought a new position in TJX Companies during the third quarter worth about $29,000. Evergreen Advisors LLC bought a new position in TJX Companies during the first quarter worth about $36,000. Cedar Mountain Advisors LLC boosted its position in TJX Companies by 47.7% during the first quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 73 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of TJX Companies in the second quarter worth about $35,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.6%

Shares of NYSE TJX opened at $141.17 on Tuesday. The TJX Companies, Inc. has a 52 week low of $122.78 and a 52 week high of $170.00. The business has a 50-day simple moving average of $135.72 and a two-hundred day simple moving average of $151.11. 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 company has a market cap of $155.28 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.62 and a beta of 0.56.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. 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 anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid 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 yield of 1.4%. TJX Companies’s payout ratio is currently 35.49%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TJX shares. Erste Group Bank lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Gordon Haskett downgraded shares of TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 price objective for the company. in a report on Thursday, August 20th. Jefferies Financial Group downgraded shares of TJX Companies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $180.00 to $145.00 in a report on Wednesday, August 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Tuesday, August 25th. Finally, UBS Group reissued a “buy” rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a report 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 company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $174.95.

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.