The TJX Companies, Inc. $TJX Stock Purchased by Welch Group LLC

Welch Group LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,680 shares of the apparel and home fashions retailer’s stock after buying an additional 6,532 shares during the quarter. Welch Group LLC’s holdings in TJX Companies were worth $11,469,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Danske Bank A S purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $829,000. Man Group plc bought a new stake in shares of TJX Companies during the 2nd quarter worth $217,422,000. Sigma Planning Corp grew its position in TJX Companies by 82.0% in the second quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock worth $3,167,000 after acquiring an additional 9,417 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in TJX Companies by 6.6% in the second quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer’s stock worth $36,574,000 after acquiring an additional 14,878 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in TJX Companies in the second quarter valued at $3,511,553,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. Guggenheim set a $152.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Monday, August 31st. Daiwa Securities Group lowered their price objective on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. Wells Fargo & Company cut their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $182.00 to $154.00 in a report on Thursday, August 20th. Finally, Evercore reiterated an “outperform” rating and issued a $173.00 target price (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.95.

TJX Companies Trading Up 0.0%

Shares of NYSE:TJX opened at $140.34 on Monday. 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 TJX Companies, Inc. has a 12-month low of $122.78 and a 12-month high of $170.00. The stock has a 50 day moving average of $135.71 and a 200 day moving average of $151.19. The company has a market cap of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

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 business 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 period last 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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio is 35.49%.

TJX Companies 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.