The TJX Companies, Inc. $TJX Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the third quarter, HoldingsChannel.com reports. The fund owned 130,651 shares of the apparel and home fashions retailer’s stock after selling 4,381 shares during the period. Parallel Advisors LLC’s holdings in TJX Companies were worth $17,286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Cetera Trust Company N.A purchased a new stake in shares of TJX Companies during the second quarter worth about $27,000. William Mack & Associates Inc. acquired a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. Evergreen Advisors LLC purchased a new position in TJX Companies in the 1st quarter valued at about $36,000. Cedar Mountain Advisors LLC lifted its stake in TJX Companies by 47.7% in the 1st 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. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in TJX Companies in the 2nd quarter valued at about $35,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TJX shares. 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. The Goldman Sachs Group decreased their target price on TJX Companies from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. UBS Group restated a “buy” rating and issued a $198.00 target price (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Finally, Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.95.

TJX Companies Price Performance

TJX traded down $3.33 during trading on Friday, reaching $135.26. The company’s stock had a trading volume of 7,159,244 shares, compared to its average volume of 6,188,105. The company has a market cap of $148.78 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.67 and a beta of 0.58. The firm has a fifty day simple moving average of $135.81 and a two-hundred day simple moving average of $150.77. The TJX Companies, Inc. has a 1 year low of $122.78 and a 1 year high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted 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. 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 analyst estimates of $15.16 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. 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, analysts anticipate 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 paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s payout ratio is 35.49%.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers.

The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.

TJX traces its history to the Zayre discount retail business and became The TJX Companies in 1987.