The TJX Companies, Inc. $TJX Stock: Nippon Life Global Investors Americas Inc. Trims Holdings

Key Points

• Nippon Life Global Investors Americas cut its TJX stake by 93.9% in the third quarter, selling 138,410 shares and retaining 8,970 shares valued at approximately $1.19 million. Institutional investors collectively own 91.09% of TJX stock.
• TJX reported quarterly revenue of $15.18 billion and earnings of $1.22 per share, exceeding analyst estimates, while revenue increased 5.4% year over year. The company also maintained FY 2027 EPS guidance of $5.15–$5.20.
• The retailer declared a quarterly dividend of $0.48 per share, representing an annualized dividend of $1.92 and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $174.95.

Nippon Life Global Investors Americas Inc. lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 93.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,970 shares of the apparel and home fashions retailer's stock after selling 138,410 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in TJX Companies were worth $1,187,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cetera Trust Company N.A acquired a new position in TJX Companies during the second quarter worth $27,000. William Mack & Associates Inc. acquired a new stake in TJX Companies in the third quarter valued at $29,000. Balance Wealth Partners LLC acquired a new stake in TJX Companies in the third quarter valued at $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in TJX Companies in the second quarter valued at $35,000. Finally, Cedar Mountain Advisors LLC increased its position in shares of TJX Companies by 47.7% in the first quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 73 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $140.34 on Monday. The TJX Companies, Inc. has a 52 week low of $122.78 and a 52 week high of $170.00. The business has a fifty day simple moving average of $135.71 and a 200-day simple moving average of $151.19. 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 company has a market cap of $154.37 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.66 and a beta of 0.58.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the firm posted $1.10 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. 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. Equities research analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders 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 of this dividend is Thursday, November 12th. TJX Companies's payout ratio is currently 35.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of TJX Companies in a research note on Monday, October 19th. Daiwa Securities Group dropped their target price on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and cut their target price for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. Evercore reaffirmed an "outperform" rating and issued a $173.00 price target (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $168.00 to $171.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $174.95.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.