Pictet Asset Management Holding SA Sells 28,834 Shares of The TJX Companies, Inc. $TJX

Key Points

• Pictet Asset Management cut its TJX stake by 2.7%, selling 28,834 shares in the third quarter; it retained 1,023,595 shares valued at about $135.4 million.
• TJX reported quarterly EPS of $1.22, beating the $1.19 consensus, while revenue of $15.18 billion slightly exceeded estimates and rose 5.4% year over year.
• The company declared a quarterly dividend of $0.48 per share, equivalent to an annualized yield of about 1.4%. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $174.95.

Pictet Asset Management Holding SA decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,023,595 shares of the apparel and home fashions retailer's stock after selling 28,834 shares during the period. Pictet Asset Management Holding SA owned approximately 0.09% of TJX Companies worth $135,437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Verus Capital Partners LLC increased its position in shares of TJX Companies by 12.2% during the third quarter. Verus Capital Partners LLC now owns 1,606 shares of the apparel and home fashions retailer's stock valued at $212,000 after acquiring an additional 175 shares in the last quarter. AlphaCentric Advisors LLC raised its holdings in TJX Companies by 11.2% in the 3rd quarter. AlphaCentric Advisors LLC now owns 1,993 shares of the apparel and home fashions retailer's stock worth $264,000 after acquiring an additional 200 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $66,000. Bfsg LLC raised its holdings in TJX Companies by 5.1% in the 3rd quarter. Bfsg LLC now owns 51,600 shares of the apparel and home fashions retailer's stock worth $6,827,000 after acquiring an additional 2,488 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its position in TJX Companies by 1.1% in the 3rd quarter. Boston Trust Walden Corp now owns 96,592 shares of the apparel and home fashions retailer's stock valued at $12,780,000 after acquiring an additional 1,032 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.0%

TJX stock opened at $135.26 on Monday. The TJX Companies, Inc. has a twelve month low of $122.78 and a twelve month high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a market cap of $148.78 billion, a P/E ratio of 25.00, a PEG ratio of 2.56 and a beta of 0.58. The business's 50-day moving average price is $135.81 and its 200-day moving average price is $150.77.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion during the quarter, compared to analysts' expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, equities research analysts forecast 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 issued 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 currently 35.49%.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. Barclays set a $188.00 price target on TJX Companies and gave the company an "overweight" rating in a report on Thursday, August 20th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a report on Tuesday, August 25th. Erste Group Bank lowered TJX Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Bank of America lowered their target price on shares of TJX Companies from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Tuesday, October 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $168.00 to $171.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $174.95.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers.

The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.

TJX traces its history to the Zayre discount retail business and became The TJX Companies in 1987.

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