New Century Financial Group LLC Cuts Holdings in The TJX Companies, Inc. $TJX

Key Points

• New Century Financial Group LLC significantly cut its stake in The TJX Companies, Inc. by 62.8%, resulting in ownership of just 2,042 shares valued at $252,000.
• Analysts have raised their price targets for TJX, with Telsey Advisory Group setting the new price objective at $155.00, reflecting a positive outlook for the stock.
• The TJX Companies recently reported a quarterly earnings per share of $1.10, exceeding estimates and showing a revenue increase of 6.9% year-over-year.

New Century Financial Group LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 62.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,042 shares of the apparel and home fashions retailer's stock after selling 3,451 shares during the quarter. New Century Financial Group LLC's holdings in TJX Companies were worth $252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Clear Creek Financial Management LLC increased its position in shares of TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after purchasing an additional 83 shares during the last quarter. Knuff & Co LLC lifted its position in TJX Companies by 8.5% in the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after buying an additional 83 shares during the last quarter. McLean Asset Management Corp boosted its stake in TJX Companies by 3.2% in the second quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock worth $344,000 after buying an additional 84 shares in the last quarter. Salem Investment Counselors Inc. grew its position in TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after acquiring an additional 86 shares during the last quarter. Finally, NBC Securities Inc. grew its position in TJX Companies by 0.6% during the second quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock valued at $1,762,000 after acquiring an additional 86 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TJX. Telsey Advisory Group restated an "outperform" rating and issued a $155.00 price objective (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Barclays boosted their price target on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Erste Group Bank initiated coverage on TJX Companies in a research note on Friday, September 5th. They set a "buy" rating on the stock. Sanford C. Bernstein lifted their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. raised their price target on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Price Performance

TJX opened at $142.56 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The stock has a market capitalization of $158.66 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 3.25 and a beta of 0.92. The stock's 50 day moving average price is $136.21 and its 200-day moving average price is $129.12. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm earned $0.96 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's dividend payout ratio (DPR) is 38.72%.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.

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