Prescott Group Capital Management L.L.C. Sells 6,756 Shares of The TJX Companies, Inc. $TJX

Prescott Group Capital Management L.L.C. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 30,506 shares of the apparel and home fashions retailer’s stock after selling 6,756 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in TJX Companies were worth $4,036,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in TJX Companies in the 2nd quarter worth approximately $16,489,926,000. State Street Corp boosted its holdings 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 purchasing an additional 1,388,026 shares during the period. Bank of America Corp DE bought a new position in TJX Companies in the 2nd quarter valued at $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 purchasing an additional 883,294 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of TJX Companies during the 2nd quarter valued at $1,598,731,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $137.54 on Wednesday. The company’s fifty day moving average price is $135.65 and its 200-day moving average price is $151.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The firm has a market capitalization 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 TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm posted $1.10 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. 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, equities research analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company 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 dividend of $0.48 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

Wall Street Analyst Weigh In

TJX has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $168.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Jefferies Financial Group lowered TJX Companies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $180.00 to $145.00 in a research note on Wednesday, August 26th. Evercore restated an “outperform” rating and set a $173.00 target price (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Finally, Barclays set a $188.00 target price on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.95.

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.