The TJX Companies, Inc. $TJX Stock Sold by Lyell Wealth Management LP

Lyell Wealth Management LP lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 7.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,923 shares of the apparel and home fashions retailer’s stock after selling 5,127 shares during the quarter. Lyell Wealth Management LP’s holdings in TJX Companies were worth $8,855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in TJX Companies in the second quarter worth $16,489,926,000. Bank of America Corp DE acquired a new stake in shares of TJX Companies in the second quarter worth about $3,511,553,000. Bank of New York Mellon Corp acquired a new stake in shares of TJX Companies in the second quarter worth about $1,598,731,000. Primecap Management Co. CA bought a new stake in shares of TJX Companies during the 2nd quarter worth about $1,435,617,000. Finally, Deutsche Bank AG bought a new stake in shares of TJX Companies during the 2nd quarter worth about $866,901,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore reissued an “outperform” rating and set a $173.00 price objective (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Barclays set a $188.00 target price on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Guggenheim set a $152.00 price target on TJX Companies and gave the company a “buy” rating in a report on Monday, August 31st. Finally, Bank of America dropped 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. Twenty-one equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.95.

TJX Companies Stock Performance

NYSE:TJX opened at $137.54 on Wednesday. The TJX Companies, Inc. has a 52-week low of $122.78 and a 52-week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The company has a market cap of $151.29 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.67 and a beta of 0.58. The firm’s 50-day moving average is $135.65 and its 200-day moving average is $151.02.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 9.73% and a return on equity of 56.56%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. 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 anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio (DPR) 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.