Bank of New York Mellon Corp Decreases Stock Holdings in The TJX Companies, Inc. $TJX

Bank of New York Mellon Corp reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,164,828 shares of the apparel and home fashions retailer’s stock after selling 1,380,398 shares during the period. Bank of New York Mellon Corp’s holdings in TJX Companies were worth $2,175,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rice Partnership LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $2,548,000. Kesler Norman & Wride LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $1,225,000. Fiduciary Family Office LLC raised its position in shares of TJX Companies by 4.1% in the 4th quarter. Fiduciary Family Office LLC now owns 5,385 shares of the apparel and home fashions retailer’s stock valued at $827,000 after purchasing an additional 211 shares during the last quarter. Beaton Management Co. Inc. purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $210,000. Finally, Strategic Advisors LLC raised its position in shares of TJX Companies by 4.3% in the 4th quarter. Strategic Advisors LLC now owns 2,009 shares of the apparel and home fashions retailer’s stock valued at $309,000 after purchasing an additional 83 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX opened at $153.53 on Wednesday. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $169.77 billion, a PE ratio of 29.81, a P/E/G ratio of 3.32 and a beta of 0.62. The firm has a 50 day moving average of $156.81 and a two-hundred day moving average of $155.18.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the firm posted $0.92 EPS. TJX Companies’s revenue for the quarter was up 9.2% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. On average, analysts anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. TJX Companies’s payout ratio is presently 37.28%.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Argus raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Robert W. Baird raised their price target on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Evercore reissued an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $174.58.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.