The TJX Companies, Inc. $TJX Holdings Cut by AIA Group Ltd

Key Points

• AIA Group cut its TJX stake by 37.7% in the third quarter, selling 69,775 shares and retaining 115,394 shares valued at about $15.3 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $174.95; 21 analysts rate the stock Buy and four rate it Hold.
• TJX beat quarterly earnings and revenue estimates, reporting EPS of $1.22 and revenue of $15.18 billion. The company also announced a quarterly dividend of $0.48 per share.

AIA Group Ltd lessened its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 37.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 115,394 shares of the apparel and home fashions retailer's stock after selling 69,775 shares during the period. AIA Group Ltd's holdings in TJX Companies were worth $15,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. BlackRock Inc. acquired a new position in TJX Companies during the second quarter worth $16,489,926,000. State Street Corp boosted its position in TJX Companies by 2.9% during the second quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer's stock worth $7,530,947,000 after purchasing an additional 1,388,026 shares in the last quarter. Bank of America Corp DE acquired a new stake in TJX Companies in the second quarter valued at $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in TJX Companies by 7.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer's stock valued at $1,902,841,000 after purchasing an additional 883,294 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in TJX Companies in the second quarter valued at $1,598,731,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on TJX. Bank of America lowered their target price on TJX Companies from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Tuesday, October 27th. Erste Group Bank cut TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Daiwa Securities Group reduced their price objective on TJX Companies from $168.00 to $155.00 in a research report on Tuesday, August 25th. Wolfe Research started coverage on TJX Companies in a research note on Wednesday, October 21st. They set a "peer perform" rating on the stock. Finally, Guggenheim set a $152.00 price objective on TJX Companies and gave the stock a "buy" rating in a research report on Monday, August 31st. Twenty-one equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.95.

TJX Companies Trading Down 2.5%

Shares of NYSE TJX opened at $137.54 on Wednesday. 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's 50 day moving average price is $135.65 and its two-hundred day moving average price is $151.02. The TJX Companies, Inc. has a 52-week low of $122.78 and a 52-week high of $170.00. The stock has a market capitalization of $151.29 billion, a P/E ratio of 27.54, a PEG ratio of 2.67 and a beta of 0.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate 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%. TJX Companies's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. 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, 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 announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies's dividend payout ratio is presently 35.49%.

TJX Companies 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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