Sigma Investment Counselors Inc. Acquires 8,081 Shares of The TJX Companies, Inc. $TJX

Key Points

• Sigma Investment Counselors increased its TJX holdings by 12.2% in the third quarter, adding 8,081 shares for a total of 74,386 shares valued at approximately $9.84 million. Institutional investors collectively own 91.09% of the company.
• Analysts maintain a favorable outlook, with 21 Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $174.95.
• TJX recently beat quarterly earnings and revenue estimates, reporting $1.22 in EPS and $15.18 billion in revenue, while revenue rose 5.4% year over year. The company also announced a quarterly dividend of $0.48 per share, representing a 1.4% annualized yield.

Sigma Investment Counselors Inc. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,386 shares of the apparel and home fashions retailer's stock after buying an additional 8,081 shares during the period. Sigma Investment Counselors Inc.'s holdings in TJX Companies were worth $9,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Danske Bank A S acquired a new stake in TJX Companies during the 2nd quarter worth about $829,000. Man Group plc purchased a new position in TJX Companies during the 2nd quarter valued at about $217,422,000. Sigma Planning Corp increased its holdings in shares of TJX Companies by 82.0% in the 2nd quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer's stock valued at $3,167,000 after purchasing an additional 9,417 shares during the period. Bank of America Corp DE acquired a new position in shares of TJX Companies in the 2nd quarter valued at about $3,511,553,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of TJX Companies by 6.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer's stock valued at $36,574,000 after purchasing an additional 14,878 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company in a research report on Thursday, August 20th. Evercore restated an "outperform" rating and set a $173.00 price target (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. UBS Group reaffirmed a "buy" rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Gordon Haskett reiterated an "accumulate" rating and issued a $155.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Erste Group Bank lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $174.95.

Key TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Gordon Haskett raised its price target for TJX to $175, signaling confidence in the retailer’s operating outlook and potential upside. Gordon Haskett raises target for TJX Companies stock
• Positive Sentiment: TJX is benefiting from continued consumer demand for discounted merchandise. Its Marshalls banner is expanding its store footprint ahead of the holiday season, potentially supporting traffic and sales growth. TJX expands Marshalls footprint
• Neutral Sentiment: UBS’s bullish upgrade of rival Ross Stores highlights strong demand across the off-price retail category. The analysis also identifies TJX as the productivity benchmark, reinforcing its competitive position while increasing attention on whether rivals can narrow the gap. Off-price retail sector analysis
• Negative Sentiment: Bank of America lowered its TJX price target to $170 from $175, although it maintained a Buy rating. The reduction may have weighed on sentiment by suggesting somewhat less near-term upside, despite the target still implying meaningful appreciation from recent levels. BofA adjusts TJX price target
• Negative Sentiment: TJX stock fell during the latest session while the broader market moved higher, indicating company-specific profit-taking or concern that expectations and valuation remain elevated. TJX stock falls amid market uptick

TJX Companies Price Performance

Shares of TJX Companies stock opened at $140.27 on Wednesday. The firm has a market cap of $154.29 billion, a price-to-earnings ratio of 25.93 and a beta of 0.56. The TJX Companies, Inc. has a 52-week low of $122.78 and a 52-week high of $170.00. The stock has a 50-day simple moving average of $136.04 and a 200-day simple moving average of $151.46.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm posted $1.10 EPS. The company's quarterly 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, equities research analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm 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 is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies's payout ratio is 35.49%.

TJX Companies Company Profile

The TJX Companies, Inc NYSE: TJX is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates 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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