9,218 The TJX Companies, Inc. $TJX Shares Sold by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors cut its TJX position by 78.1% in the third quarter, selling 9,218 shares and ending the period with 2,582 shares worth about $342,000.
• TJX reported quarterly EPS of $1.22, beating estimates of $1.19, while revenue rose 5.4% year over year to $15.18 billion. The company declared a quarterly dividend of $0.48 per share.
• Analysts maintain a consensus “Moderate Buy” rating and an average price target of $174.95; institutional investors and hedge funds own 91.09% of the shares.

IPG Investment Advisors LLC cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 78.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in TJX Companies during the 2nd quarter worth $16,489,926,000. Bank of America Corp DE bought a new stake in TJX Companies during the second quarter valued at about $3,511,553,000. Bank of New York Mellon Corp bought a new stake in TJX Companies during the second quarter valued at about $1,598,731,000. Primecap Management Co. CA acquired a new stake in shares of TJX Companies in the second quarter valued at about $1,435,617,000. Finally, Deutsche Bank AG acquired a new stake in shares of TJX Companies in the second quarter valued at about $866,901,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $144.71 on Thursday. 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 company has a market cap of $159.18 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.61 and a beta of 0.58. The firm has a fifty day moving average price of $135.76 and a two-hundred day moving average price of $150.97. The TJX Companies, Inc. has a fifty-two week low of $122.78 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) 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 the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is 35.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TJX. 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 target price on TJX Companies and gave the company a "buy" rating in a research note on Monday, August 31st. Morgan Stanley set a $178.00 target price on TJX Companies and gave the company an "overweight" rating in a report on Thursday, August 20th. Wolfe Research initiated coverage on TJX Companies in a research report on Wednesday, October 21st. They issued a "peer perform" rating on the stock. Finally, Wall Street Zen lowered TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Twenty-one investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and an average price target of $174.95.

TJX Companies Company 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.