MGO One Seven LLC Sells 18,414 Shares of The TJX Companies, Inc. $TJX

MGO One Seven LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 24.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,564 shares of the apparel and home fashions retailer’s stock after selling 18,414 shares during the quarter. MGO One Seven LLC’s holdings in TJX Companies were worth $7,484,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. 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. Balance Wealth Partners LLC bought a new position in TJX Companies during the third quarter worth about $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of TJX Companies in the second quarter worth about $35,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of 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 purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TJX. Bank of America lowered their price target on shares of TJX Companies from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Daiwa Securities Group cut their price objective on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Wolfe Research started coverage on shares of TJX Companies in a research note on Wednesday, October 21st. They issued a “peer perform” rating for the company. Finally, Gordon Haskett cut shares of TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 target price 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.95.

TJX Companies Trading Up 0.0%

Shares of TJX opened at $140.34 on Monday. The business’s 50-day moving average price is $135.71 and its 200-day moving average price is $151.19. The TJX Companies, Inc. has a twelve month low of $122.78 and a twelve month high of $170.00. The stock has a market cap of $154.37 billion, a PE ratio of 25.94, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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 net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the business earned $1.10 earnings per share. TJX Companies’s 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s dividend payout ratio is currently 35.49%.

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.