Allworth Financial LP Sells 66,158 Shares of The TJX Companies, Inc. $TJX

Allworth Financial LP trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 59.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,441 shares of the apparel and home fashions retailer's stock after selling 66,158 shares during the quarter. Allworth Financial LP's holdings in TJX Companies were worth $6,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in TJX Companies by 15,228.3% during the 2nd quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer's stock valued at $39,204,692,000 after buying an additional 257,088,620 shares in the last quarter. BlackRock Inc. bought a new position in shares of TJX Companies during the second quarter valued at approximately $16,489,926,000. Bank of America Corp DE purchased a new position in TJX Companies during the second quarter valued at approximately $3,511,553,000. Norges Bank bought a new position in TJX Companies in the fourth quarter worth approximately $2,211,975,000. Finally, Bank of New York Mellon Corp bought a new position in TJX Companies in the second quarter worth approximately $1,598,731,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX opened at $126.05 on Thursday. The TJX Companies, Inc. has a 12 month low of $125.81 and a 12 month high of $170.00. The stock has a fifty day moving average price of $148.67 and a 200-day moving average price of $154.75. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The firm has a market cap of $138.65 billion, a PE ratio of 23.30, a P/E/G ratio of 2.32 and a beta of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the business earned $1.10 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. 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.

Analyst Ratings Changes

Several analysts have issued reports on the company. Erste Group Bank cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a research note on Monday, May 18th. Wall Street Zen downgraded TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $175.00 target price on shares of TJX Companies in a research note on Tuesday, August 25th. Finally, UBS Group reiterated a "buy" rating and issued a $198.00 target price (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $171.63.

TJX Companies Profile

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women's, men's and children's clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through 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.

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