The TJX Companies, Inc. $TJX Shares Bought by Welch Group LLC

Welch Group LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 8.1% during the third quarter, HoldingsChannel.com reports. The fund owned 86,680 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,532 shares during the period. Welch Group LLC’s holdings in TJX Companies were worth $11,469,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Woodmont Investment Counsel LLC raised its position in TJX Companies by 4.9% in the third quarter. Woodmont Investment Counsel LLC now owns 8,970 shares of the apparel and home fashions retailer’s stock valued at $1,187,000 after purchasing an additional 415 shares during the period. Walled Lake Planning & Wealth Management LLC increased its position in shares of TJX Companies by 9.7% during the third quarter. Walled Lake Planning & Wealth Management LLC now owns 2,671 shares of the apparel and home fashions retailer’s stock worth $353,000 after acquiring an additional 236 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its holdings in TJX Companies by 2.8% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 776,162 shares of the apparel and home fashions retailer’s stock worth $103,011,000 after purchasing an additional 21,037 shares during the period. Virtue Capital Management LLC lifted its stake in TJX Companies by 14.9% in the third quarter. Virtue Capital Management LLC now owns 2,531 shares of the apparel and home fashions retailer’s stock worth $335,000 after acquiring an additional 329 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of TJX Companies during the third quarter worth $47,098,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TJX shares. The Goldman Sachs Group reduced their target price on TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. 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. Finally, Barclays set a $188.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.95.

TJX Companies Stock Up 0.0%

NYSE:TJX opened at $140.34 on Monday. The company has a market capitalization of $154.37 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.66 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. The stock has a 50-day simple moving average of $135.71 and a 200 day simple moving average of $151.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be issued a $0.48 dividend. The ex-dividend date of this dividend 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 currently 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.