Vise Technologies Inc. Sells 36,819 Shares of The TJX Companies, Inc. $TJX

Key Points

• Vise Technologies cut its TJX Companies stake by 32.1% in the third quarter, selling 36,819 shares and retaining 77,887 shares valued at approximately $10.3 million.
• TJX reported quarterly EPS of $1.22, exceeding estimates of $1.19, 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% yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $174.95, compared with shares trading at $140.34.

Vise Technologies Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 32.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,887 shares of the apparel and home fashions retailer's stock after selling 36,819 shares during the period. Vise Technologies Inc.'s holdings in TJX Companies were worth $10,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. BlackRock Inc. acquired a new position in shares of TJX Companies in the 2nd quarter valued at about $16,489,926,000. Bank of America Corp DE acquired a new stake in TJX Companies during the second quarter worth about $3,511,553,000. Bank of New York Mellon Corp bought a new position in TJX Companies in the second quarter worth about $1,598,731,000. Primecap Management Co. CA bought a new position in TJX Companies in the second quarter worth about $1,435,617,000. Finally, Deutsche Bank AG bought a new position in TJX Companies in the second quarter worth about $866,901,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $140.34 on Monday. The firm's 50 day moving average is $135.71 and its two-hundred day moving average is $151.19. The firm has a market capitalization of $154.37 billion, a P/E ratio of 25.94, a PEG ratio of 2.66 and a beta of 0.58. 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 52 week low of $122.78 and a 52 week high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The business 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 was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm 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. 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 announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.48 per share. 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 presently 35.49%.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. BTIG Research reaffirmed a "buy" rating and set a $190.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Bank of America cut their price target on TJX Companies from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Tuesday, October 27th. Barclays set a $188.00 price objective on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Finally, Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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