The TJX Companies, Inc. $TJX Stock Holdings Cut by Focused Investors LLC

Key Points

• Focused Investors LLC cut its TJX stake by 16.2% in the third quarter, selling 133,400 shares and retaining 691,900 shares valued at about $91.5 million.
• TJX reported quarterly EPS of $1.22, topping estimates of $1.19, while revenue rose 5.4% year over year to $15.18 billion. The company declared a $0.48 quarterly dividend, equivalent to a 1.4% yield.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $174.95; TJX shares opened at $137.54 in the report.

Focused Investors LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 16.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 691,900 shares of the apparel and home fashions retailer's stock after selling 133,400 shares during the period. TJX Companies accounts for about 3.8% of Focused Investors LLC's holdings, making the stock its 13th biggest position. Focused Investors LLC owned 0.06% of TJX Companies worth $91,545,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $16,489,926,000. Bank of America Corp DE purchased a new position in TJX Companies in the 2nd quarter valued at approximately $3,511,553,000. Bank of New York Mellon Corp purchased a new stake in shares of TJX Companies during the second quarter worth $1,598,731,000. Primecap Management Co. CA bought a new position in TJX Companies in the 2nd quarter worth about $1,435,617,000. Finally, Deutsche Bank AG bought a new position in shares of TJX Companies in the second quarter valued at approximately $866,901,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 2.5%

Shares of NYSE:TJX opened at $137.54 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The stock's 50-day moving average price is $135.65 and its 200-day moving average price is $151.02. The stock has a market capitalization of $151.29 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 2.67 and a beta of 0.58. The TJX Companies, Inc. has a 12-month low of $122.78 and a 12-month high of $170.00.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The company 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%. TJX Companies's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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, equities analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies's dividend payout ratio (DPR) is presently 35.49%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent analyst reports. Jefferies Financial Group cut TJX Companies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $180.00 to $145.00 in a research report on Wednesday, August 26th. Evercore reiterated an "outperform" rating and set a $173.00 price target (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. Gordon Haskett lowered TJX Companies from a "buy" rating to an "accumulate" rating and set a $155.00 price objective for the company. in a report on Thursday, August 20th. Wolfe Research initiated coverage on TJX Companies in a report on Wednesday, October 21st. They set a "peer perform" rating for the company. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a research report on Tuesday, August 25th. 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.95.

About TJX Companies

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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