The TJX Companies, Inc. $TJX Stake Trimmed by United Asset Strategies Inc.

United Asset Strategies Inc. reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 64.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,545 shares of the apparel and home fashions retailer’s stock after selling 4,691 shares during the quarter. United Asset Strategies Inc.’s holdings in TJX Companies were worth $337,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cetera Trust Company N.A bought a new position in shares of TJX Companies during the second quarter valued at approximately $27,000. William Mack & Associates Inc. purchased a new stake in TJX Companies in the third quarter worth $29,000. Evergreen Advisors LLC purchased a new stake in TJX Companies in the first quarter worth $36,000. Cedar Mountain Advisors LLC lifted its stake in TJX Companies by 47.7% in the first quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock worth $36,000 after acquiring an additional 73 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in TJX Companies in the second quarter valued at $35,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Wolfe Research assumed coverage on shares of TJX Companies in a report on Wednesday, October 21st. They issued a “peer perform” rating for the company. UBS Group reaffirmed a “buy” rating and issued a $198.00 target price (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 target price on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.95.

TJX Companies Stock Down 0.7%

Shares of NYSE:TJX opened at $140.34 on Friday. The TJX Companies, Inc. has a 52-week low of $122.78 and a 52-week high of $170.00. The firm has a market capitalization of $154.37 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.68 and a beta of 0.56. The stock has a 50 day moving average price of $135.71 and a 200-day moving average price of $151.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS 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 company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter last year, the business posted $1.10 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be issued a $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s dividend payout ratio is 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.