The TJX Companies, Inc. $TJX Shares Newly Bought by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 3,820 shares of the apparel and home fashions retailer’s stock, valued at approximately $505,000.

A number of other hedge funds also recently bought and sold shares of the company. Coston McIsaac & Partners raised its holdings in shares of TJX Companies by 11.3% during the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC lifted its position in shares of TJX Companies by 11.0% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 66 shares in the last quarter. HBW Advisory Services LLC lifted its position in shares of 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 valued at $206,000 after acquiring an additional 66 shares in the last quarter. Howard Financial Services LTD. lifted its position in shares of TJX Companies by 3.5% in the 2nd quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $307,000 after acquiring an additional 69 shares in the last quarter. Finally, Millstone Evans Group LLC boosted its stake in TJX Companies by 26.0% in the 1st 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 during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on TJX shares. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. Wells Fargo & Company reduced their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, August 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a report on Tuesday, August 25th. Guggenheim set a $152.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Monday, August 31st. Finally, Wolfe Research assumed coverage on TJX Companies in a report on Wednesday, October 21st. They set a “peer perform” rating on the stock. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.86.

TJX Companies Price Performance

Shares of TJX opened at $143.87 on Tuesday. The company has a market capitalization of $158.26 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.62 and a beta of 0.56. The TJX Companies, Inc. has a fifty-two week low of $122.78 and a fifty-two week high of $170.00. 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 business’s 50-day moving average is $136.42 and its 200-day moving average is $151.58.

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 analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates 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 was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a $0.48 dividend. 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 is currently 35.49%.

TJX Companies Company 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.