Partners Wealth Management LLC Acquires 5,034 Shares of The TJX Companies, Inc. $TJX

Partners Wealth Management LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the third quarter, Holdings Channel.com reports. The fund acquired 5,034 shares of the apparel and home fashions retailer’s stock, valued at approximately $666,000.

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

TJX Companies Stock Performance

NYSE TJX opened at $140.34 on Friday. The company has a 50-day simple moving average of $135.71 and a two-hundred day simple moving average of $151.19. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $122.78 and a 12-month high of $170.00. The firm has a market cap of $154.37 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.66 and a beta of 0.56.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared 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. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

Analyst Ratings Changes

Several equities analysts have recently commented on TJX shares. JPMorgan Chase & Co. increased their price objective on TJX Companies from $168.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Weiss Ratings restated a “buy (b)” rating on shares of TJX Companies in a research report on Monday, October 19th. Evercore reiterated an “outperform” rating and set a $173.00 price target (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. BTIG Research reiterated a “buy” rating and set a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Finally, UBS Group reissued a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research note 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.