The TJX Companies, Inc. $TJX Stock: Sumitomo Mitsui Trust Group Inc. Lowers Position

Key Points

• Sumitomo Mitsui Trust Group reduced its TJX Companies stake by 3.6% in the third quarter, selling 92,199 shares and retaining approximately $327.9 million worth of stock. Institutional investors collectively own 91.09% of TJX.
• TJX reported quarterly earnings of $1.22 per share, beating 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, implying a 1.4% yield.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $174.95 compared with the shares’ $140.34 opening price.

Sumitomo Mitsui Trust Group Inc. decreased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,478,148 shares of the apparel and home fashions retailer's stock after selling 92,199 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of TJX Companies worth $327,884,000 as of its most recent SEC filing.

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

TJX Companies Price Performance

Shares of NYSE:TJX opened at $140.34 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The firm has a fifty day moving average price of $135.71 and a 200 day moving average price of $151.19. The TJX Companies, Inc. has a fifty-two week low of $122.78 and a fifty-two week high of $170.00. The firm has a market cap of $154.37 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.66 and a beta of 0.56.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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 company had revenue of $15.18 billion during the quarter, compared to analysts' expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. 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. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 given a dividend of $0.48 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies's dividend payout ratio (DPR) is presently 35.49%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays set a $188.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, August 20th. Erste Group Bank downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. UBS Group reiterated a "buy" rating and issued a $198.00 price target (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Wells Fargo & Company decreased their price target on TJX Companies from $160.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday, August 20th. Finally, Evercore restated an "outperform" rating and issued a $173.00 price objective (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus 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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