Alliancebernstein L.P. Sells 400,466 Shares of The TJX Companies, Inc. $TJX

Key Points

• Alliancebernstein L.P. has reduced its stake in The TJX Companies, Inc. by 9.2%, now holding approximately 3.94 million shares valued at around $479 million.
• The company reported a quarterly EPS of $1.10, exceeding analyst expectations, with a year-over-year revenue increase of 6.9% to $14.40 billion.
• TJX Companies announced a quarterly dividend of $0.425 per share, reflecting a 1.2% yield based on an annual payout of $1.70.

Alliancebernstein L.P. trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,939,757 shares of the apparel and home fashions retailer's stock after selling 400,466 shares during the quarter. Alliancebernstein L.P. owned 0.35% of TJX Companies worth $479,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TJX. Nuveen LLC acquired a new stake in TJX Companies in the first quarter valued at approximately $1,330,717,000. GAMMA Investing LLC boosted its position in TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after buying an additional 2,892,151 shares in the last quarter. Royal Bank of Canada boosted its position in TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after buying an additional 1,403,561 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in TJX Companies by 65.8% in the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after buying an additional 1,302,845 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in TJX Companies in the fourth quarter valued at approximately $136,753,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 1.2%

TJX stock traded down $1.72 during midday trading on Friday, hitting $139.30. The stock had a trading volume of 6,735,796 shares, compared to its average volume of 5,233,997. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm has a market cap of $155.03 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90. The business has a fifty day moving average price of $129.89 and a two-hundred day moving average price of $126.37.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business's 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, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 14th. TJX Companies's payout ratio is 38.72%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent research reports. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Sanford C. Bernstein lifted their price target on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Erste Group Bank initiated coverage on shares of TJX Companies in a report on Friday. They set a "buy" rating on the stock. Robert W. Baird lifted their price target on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies 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.