The TJX Companies, Inc. $TJX Stock Holdings Lowered by Provident Trust Co.

Provident Trust Co. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 41.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,212,432 shares of the apparel and home fashions retailer’s stock after selling 873,247 shares during the period. TJX Companies comprises 5.0% of Provident Trust Co.’s holdings, making the stock its 10th biggest holding. Provident Trust Co.’s holdings in TJX Companies were worth $160,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Cetera Trust Company N.A purchased a new stake in shares of TJX Companies in the second quarter valued at approximately $27,000. William Mack & Associates Inc. purchased a new position in TJX Companies during the 3rd quarter worth $29,000. Evergreen Advisors LLC purchased a new position in TJX Companies during the 1st quarter worth $36,000. Cedar Mountain Advisors LLC raised its position in TJX Companies by 47.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 73 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in TJX Companies during the 2nd quarter valued at $35,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Wells Fargo & Company decreased their price objective on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, August 20th. Evercore restated an “outperform” rating and issued a $173.00 price objective (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. The Goldman Sachs Group lowered 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 note on Thursday, August 20th. Finally, Wolfe Research initiated coverage on shares of TJX Companies in a report on Wednesday, October 21st. They set a “peer perform” rating on the stock. Twenty-one investment 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 a consensus rating of “Moderate Buy” and a consensus price target of $174.95.

TJX Companies Stock Performance

Shares of TJX stock opened at $140.34 on Monday. The firm has a market cap of $154.37 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.66 and a beta of 0.58. The company’s 50 day moving average is $135.71 and its 200 day moving average is $151.19. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 52-week low of $122.78 and a 52-week high of $170.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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