Central Pacific Bank Trust Division Sells 7,735 Shares of The TJX Companies, Inc. $TJX

Key Points

• Central Pacific Bank Trust Division cut its TJX position by 33.1%, selling 7,735 shares and retaining 15,637 shares worth approximately $2.07 million. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly earnings of $1.22 per share, exceeding estimates, while revenue rose 5.4% year over year to $15.18 billion. The company also announced a quarterly dividend of $0.48 per share, yielding 1.4% annually.
• Analyst sentiment remains a consensus “Moderate Buy”, with a $171.63 average price target, although several firms recently downgraded the stock or lowered their targets. Shares opened at $134.42, well below their 52-week high of $170.00.

Central Pacific Bank Trust Division decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 33.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,637 shares of the apparel and home fashions retailer's stock after selling 7,735 shares during the quarter. Central Pacific Bank Trust Division's holdings in TJX Companies were worth $2,069,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Cetera Trust Company N.A bought a new stake in shares of TJX Companies during the second quarter worth $27,000. Bard Associates Inc. bought a new stake in shares of TJX Companies during the fourth quarter worth $35,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of TJX Companies in the second quarter valued at $35,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of TJX Companies by 47.7% in the first quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 73 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 1.3%

Shares of NYSE TJX opened at $134.42 on Tuesday. 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 capitalization of $147.86 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.39 and a beta of 0.56. The firm's 50-day moving average is $140.14 and its 200-day moving average is $151.11. The TJX Companies, Inc. has a 1 year low of $122.78 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. 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 analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies's dividend payout ratio is presently 35.49%.

Analysts Set New Price Targets

TJX has been the topic of several research reports. Weiss Ratings downgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Gordon Haskett reaffirmed an "accumulate" rating and issued a $155.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Jefferies Financial Group lowered shares of TJX Companies from a "buy" rating to a "hold" rating and lowered their price target for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Erste Group Bank cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company reduced their price objective on TJX Companies from $160.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.63.

TJX Companies Company 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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