The TJX Companies, Inc. $TJX Stock Sold by MGO One Seven LLC

Key Points

• MGO One Seven LLC cut its TJX Companies stake by 24.6% in the third quarter, selling 18,414 shares and retaining 56,564 shares valued at approximately $7.5 million. Institutional investors collectively own 91.09% of the company.
• Analyst sentiment remains favorable, with 21 Buy ratings and four Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $174.95.
• TJX reported quarterly EPS of $1.22, topping estimates by $0.03, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a quarterly dividend of $0.48 per share, representing a 1.4% annualized yield.

MGO One Seven LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 24.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 56,564 shares of the apparel and home fashions retailer's stock after selling 18,414 shares during the period. MGO One Seven LLC's holdings in TJX Companies were worth $7,484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Cetera Trust Company N.A bought a new stake in TJX Companies during the second quarter worth $27,000. William Mack & Associates Inc. purchased a new stake in TJX Companies in the 3rd quarter valued at $29,000. Balance Wealth Partners LLC bought a new position in TJX Companies during the 3rd quarter valued at $31,000. Kelly Lawrence W & Associates Inc. CA bought a new position in TJX Companies during the 2nd quarter valued at $35,000. Finally, Cedar Mountain Advisors LLC boosted its holdings in TJX Companies by 47.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 73 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Gordon Haskett lowered shares of TJX Companies from a "buy" rating to an "accumulate" rating and set a $155.00 target price for the company. in a research note on Thursday, August 20th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $175.00 target price on shares of TJX Companies in a report on Tuesday, August 25th. Barclays set a $188.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $168.00 to $171.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Finally, Wolfe Research began coverage on shares of TJX Companies in a research report on Wednesday, October 21st. They issued a "peer perform" rating for the company. Twenty-one analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.95.

TJX Companies Stock Up 0.0%

TJX stock opened at $140.34 on Monday. The stock's fifty day simple moving average is $135.71 and its two-hundred day simple moving average is $151.19. 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 TJX Companies, Inc. has a 1-year low of $122.78 and a 1-year high of $170.00. The stock 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 announced its quarterly earnings data 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 firm had revenue of $15.18 billion during 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 business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. Analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies's payout ratio is currently 35.49%.

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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

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.