Gratus Wealth Advisors LLC Acquires New Holdings in The TJX Companies, Inc. $TJX

Gratus Wealth Advisors LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,820 shares of the apparel and home fashions retailer’s stock, valued at approximately $505,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in TJX Companies in the second quarter worth about $16,489,926,000. State Street Corp grew its position in TJX Companies by 2.9% in the 2nd 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 buying an additional 1,388,026 shares in the last quarter. Bank of America Corp DE acquired a new position in TJX Companies during the 2nd quarter valued at about $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in TJX Companies by 7.6% during the 2nd 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 buying an additional 883,294 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in TJX Companies during the 2nd quarter valued at about $1,598,731,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. 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. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $168.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Evercore reiterated an “outperform” rating and set a $173.00 price objective (down from $175.00) on shares of TJX Companies in a research note on Thursday, August 20th. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $182.00 to $154.00 in a report on Thursday, August 20th. Finally, Gordon Haskett reissued an “accumulate” rating and set a $155.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.86.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $143.87 on Tuesday. The TJX Companies, Inc. has a 52 week low of $122.78 and a 52 week high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The stock has a market cap of $158.26 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. The company’s 50-day moving average price is $136.42 and its two-hundred day moving average price is $151.58.

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, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.3%. TJX Companies’s 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.