The TJX Companies, Inc. $TJX Stock: Community Financial Services Group LLC Decreases Holdings

Key Points

• Community Financial Services Group LLC reduced its TJX Companies holdings by 36.1% in the third quarter, selling 7,858 shares and retaining 13,915 shares valued at approximately $1.86 million.
• Despite the reduction, other institutional investors increased their positions, and institutions collectively own 91.09% of TJX shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $174.86.
• TJX recently exceeded quarterly earnings and revenue expectations, reporting $1.22 in EPS and $15.18 billion in revenue, while announcing a quarterly dividend of $0.48 per share, or a 1.3% annualized yield.

Community Financial Services Group LLC lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 36.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,915 shares of the apparel and home fashions retailer's stock after selling 7,858 shares during the period. Community Financial Services Group LLC's holdings in TJX Companies were worth $1,859,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vertrix Wealth Management LLC raised its stake in TJX Companies by 22.8% in the 3rd quarter. Vertrix Wealth Management LLC now owns 36,432 shares of the apparel and home fashions retailer's stock valued at $4,820,000 after acquiring an additional 6,774 shares during the period. Wealth Enhancement Trust Services Inc. grew its stake in TJX Companies by 9.8% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 21,681 shares of the apparel and home fashions retailer's stock valued at $2,869,000 after acquiring an additional 1,932 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of TJX Companies by 25.3% during the 3rd quarter. Moody National Bank Trust Division now owns 15,196 shares of the apparel and home fashions retailer's stock valued at $2,011,000 after purchasing an additional 3,072 shares in the last quarter. Rockland Trust Co. increased its holdings in shares of TJX Companies by 1.0% in the third quarter. Rockland Trust Co. now owns 269,701 shares of the apparel and home fashions retailer's stock worth $35,684,000 after purchasing an additional 2,744 shares during the period. Finally, QRG Capital Management Inc. increased its stake in TJX Companies by 6.8% in the 2nd quarter. QRG Capital Management Inc. now owns 323,830 shares of the apparel and home fashions retailer's stock worth $49,060,000 after acquiring an additional 20,517 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley set a $178.00 price target on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Daiwa Securities Group dropped their target price on shares of TJX Companies from $168.00 to $155.00 in a research report on Tuesday, August 25th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $175.00 target price on shares of TJX Companies in a research note on Tuesday, August 25th. Evercore reaffirmed an "outperform" rating and issued a $173.00 price target (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Guggenheim set a $152.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Monday, August 31st. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, TJX Companies has an average rating of "Moderate Buy" and an average target price of $174.86.

TJX Companies Trading Up 1.2%

Shares of TJX opened at $144.60 on Friday. The company has a 50 day simple moving average of $137.10 and a two-hundred day simple moving average of $150.23. The TJX Companies, Inc. has a 1 year low of $122.78 and a 1 year high of $170.00. The firm has a market cap of $159.06 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, equities analysts expect that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies's dividend payout ratio (DPR) is 35.49%.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise at prices generally below those of traditional department and specialty stores. Its inventory typically includes branded, designer and name-brand products purchased through opportunistic buying, including order cancellations, excess production and closeout merchandise. Product selection and pricing can vary by store and change frequently.

The company operates a portfolio of retail chains in the United States, Canada, Europe and Australia.

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