The TJX Companies, Inc. $TJX Stock: Lebenthal Global Advisors LLC Raises Holdings

Lebenthal Global Advisors LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 65.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,238 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,222 shares during the period. Lebenthal Global Advisors LLC’s holdings in TJX Companies were worth $1,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Trust Company N.A acquired a new stake in TJX Companies in the second quarter valued at $27,000. William Mack & Associates Inc. bought a new position in shares of TJX Companies in the 3rd quarter valued at about $29,000. Balance Wealth Partners LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of TJX Companies during the 2nd quarter worth about $35,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of 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 purchasing an additional 73 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TJX shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a report on Tuesday, August 25th. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $182.00 to $154.00 in a report on Thursday, August 20th. Daiwa Securities Group lowered their price target on TJX Companies from $168.00 to $155.00 in a research report on Tuesday, August 25th. Wells Fargo & Company dropped their price objective on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TJX Companies in a research note on Monday, October 19th. Twenty-one analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $174.95.

TJX Companies Price Performance

TJX Companies stock opened at $140.34 on Friday. The firm has a market cap of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.68 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The stock’s fifty day moving average price is $135.71 and its two-hundred day moving average price is $151.19. The TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share 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 company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, research analysts expect that The TJX Companies, Inc. will post 5.22 EPS 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. Investors of record on Thursday, November 12th will be given 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 dividend 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.