The TJX Companies, Inc. $TJX Stock Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 18.3% during the third quarter, HoldingsChannel.com reports. The fund owned 25,535 shares of the apparel and home fashions retailer’s stock after selling 5,709 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in TJX Companies were worth $3,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. One Way Holdings LLC raised its stake in TJX Companies by 7.0% during the 3rd quarter. One Way Holdings LLC now owns 169,815 shares of the apparel and home fashions retailer’s stock worth $22,468,000 after buying an additional 11,112 shares during the period. Welch Group LLC grew its stake in TJX Companies by 8.1% in the third quarter. Welch Group LLC now owns 86,680 shares of the apparel and home fashions retailer’s stock valued at $11,469,000 after acquiring an additional 6,532 shares during the period. Woodmont Investment Counsel LLC grew its stake in TJX Companies by 4.9% in the third quarter. Woodmont Investment Counsel LLC now owns 8,970 shares of the apparel and home fashions retailer’s stock valued at $1,187,000 after acquiring an additional 415 shares during the period. Walled Lake Planning & Wealth Management LLC grew its stake in TJX Companies by 9.7% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 2,671 shares of the apparel and home fashions retailer’s stock valued at $353,000 after acquiring an additional 236 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of TJX Companies by 2.8% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 776,162 shares of the apparel and home fashions retailer’s stock worth $103,011,000 after acquiring an additional 21,037 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TJX shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research report on Tuesday, August 25th. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $168.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Gordon Haskett lowered TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 price objective for the company. in a research report on Thursday, August 20th. Guggenheim set a $152.00 target price on TJX Companies and gave the stock a “buy” rating in a research note on Monday, August 31st. Finally, Daiwa Securities Group lowered their target price on TJX Companies from $168.00 to $155.00 in a research note on Tuesday, August 25th. Twenty-one research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $174.95.

TJX Companies Stock Performance

TJX opened at $137.54 on Wednesday. The company has a market capitalization of $151.29 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 2.67 and a beta of 0.58. The business’s 50-day moving average price is $135.65 and its two-hundred day moving average price is $151.02. The TJX Companies, Inc. has a 1 year low of $122.78 and a 1 year 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.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. TJX Companies’s revenue for the quarter 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 analysts expect 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 payout ratio is presently 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.