Banque Pictet & Cie SA Sells 16,018 Shares of The TJX Companies, Inc. $TJX

Key Points

• Banque Pictet & Cie SA reduced its TJX Companies stake by 8.4% in the third quarter, selling 16,018 shares and retaining 174,503 shares valued at approximately $23.1 million. Institutional investors and hedge funds collectively own 91.09% of the company.
• Wall Street maintains a positive outlook, with 21 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $174.86.
• TJX reported quarterly earnings of $1.22 per share and revenue of $15.18 billion, exceeding estimates and growing revenue 5.4% year over year. The company also declared a quarterly dividend of $0.48 per share, representing a 1.3% yield.

Banque Pictet & Cie SA lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,503 shares of the apparel and home fashions retailer's stock after selling 16,018 shares during the period. Banque Pictet & Cie SA's holdings in TJX Companies were worth $23,088,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. James T. Borello RIA acquired a new position in shares of TJX Companies during the third quarter worth approximately $72,000. V Square Quantitative Management LLC grew its position in TJX Companies by 6.6% in the third quarter. V Square Quantitative Management LLC now owns 20,629 shares of the apparel and home fashions retailer's stock valued at $2,729,000 after acquiring an additional 1,270 shares during the period. Comprehensive Financial Consultants Institutional Inc. raised its stake in TJX Companies by 4.3% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 12,022 shares of the apparel and home fashions retailer's stock worth $1,591,000 after acquiring an additional 499 shares in the last quarter. Fortitude Advisory Group L.L.C. raised its stake in TJX Companies by 39.2% during the third quarter. Fortitude Advisory Group L.L.C. now owns 4,763 shares of the apparel and home fashions retailer's stock worth $630,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Vertrix Wealth Management LLC boosted its position in TJX Companies by 22.8% in the third quarter. Vertrix Wealth Management LLC now owns 36,432 shares of the apparel and home fashions retailer's stock valued at $4,820,000 after buying an additional 6,774 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Gordon Haskett restated an "accumulate" rating and issued a $155.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Barclays set a $188.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, August 20th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $175.00 target price on shares of TJX Companies in a research note on Tuesday, August 25th. Wells Fargo & Company reduced their target price on shares of 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, The Goldman Sachs Group decreased their target price on TJX Companies from $194.00 to $178.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $174.86.

TJX Companies Trading Up 1.9%

NYSE TJX opened at $147.37 on Friday. 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 stock's 50 day moving average price is $136.83 and its two-hundred day moving average price is $150.21. The stock has a market capitalization of $162.10 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 2.61 and a beta of 0.56.

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, beating 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 for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the company earned $1.10 earnings per share. 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. As a group, 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 disclosed 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 annualized dividend and a yield of 1.3%. TJX Companies's dividend payout ratio is currently 35.49%.

TJX Companies Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise at prices generally below those of traditional department and specialty stores. Its inventory typically includes branded, designer and name-brand products purchased through opportunistic buying, including order cancellations, excess production and closeout merchandise. Product selection and pricing can vary by store and change frequently.

The company operates a portfolio of retail chains in the United States, Canada, Europe and Australia.

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