The TJX Companies, Inc. $TJX Stock: ProShare Advisors LLC Increases Stake

ProShare Advisors LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,273 shares of the apparel and home fashions retailer’s stock after buying 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of TJX Companies in the 2nd quarter worth $16,489,926,000. State Street Corp lifted its position in shares of TJX Companies by 2.9% during the second quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock valued at $7,530,947,000 after purchasing an additional 1,388,026 shares in the last quarter. Bank of America Corp DE bought a new position in shares of TJX Companies during the second quarter valued at about $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of TJX Companies by 7.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock valued at $1,902,841,000 after purchasing an additional 883,294 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in TJX Companies during the second quarter worth about $1,598,731,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.6%

NYSE TJX opened at $141.17 on Tuesday. The business’s fifty day moving average is $135.72 and its 200-day moving average is $151.11. 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 stock has a market capitalization of $155.28 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 2.62 and a beta of 0.56. The TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00.

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 for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. 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 predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The business 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s payout ratio is presently 35.49%.

Analyst Ratings Changes

TJX has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Evercore reissued an “outperform” rating and set a $173.00 target price (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. Bank of America cut their target price on TJX Companies from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Wolfe Research started coverage on TJX Companies in a report on Wednesday, October 21st. They issued a “peer perform” rating for the company. Finally, BTIG Research reaffirmed a “buy” rating and set a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.