IPG Investment Advisors LLC Sells 9,218 Shares of The TJX Companies, Inc. $TJX

IPG Investment Advisors LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 78.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,582 shares of the apparel and home fashions retailer’s stock after selling 9,218 shares during the quarter. IPG Investment Advisors LLC’s holdings in TJX Companies were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TJX. BlackRock Inc. bought a new stake in TJX Companies in the 2nd quarter valued at $16,489,926,000. State Street Corp raised its stake in shares of 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 buying an additional 1,388,026 shares in the last quarter. Bank of America Corp DE bought a new position in shares of TJX Companies during the 2nd quarter worth about $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 worth $1,902,841,000 after acquiring an additional 883,294 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of TJX Companies during the 2nd quarter worth about $1,598,731,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TJX. BTIG Research reissued a “buy” rating and issued a $190.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Wolfe Research assumed coverage on shares of TJX Companies in a research note on Wednesday, October 21st. They set a “peer perform” rating for the company. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Wells Fargo & Company lowered their price objective on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 20th. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $182.00 to $154.00 in a report on Thursday, August 20th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.95.

TJX Companies Stock Up 5.1%

Shares of NYSE:TJX opened at $144.71 on Thursday. The TJX Companies, Inc. has a 52 week low of $122.78 and a 52 week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The company’s fifty day moving average is $135.76 and its 200-day moving average is $150.97. The company has a market capitalization of $159.18 billion, a PE ratio of 26.75, a P/E/G ratio of 2.61 and a beta of 0.58.

TJX Companies (NYSE:TJX) last announced its earnings results 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. 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 firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter 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. Equities research analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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 $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TJX Companies’s 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.