The TJX Companies, Inc. $TJX Stock: Illinois Municipal Retirement Fund Trims Position

Illinois Municipal Retirement Fund decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 323,740 shares of the apparel and home fashions retailer’s stock after selling 7,095 shares during the period. TJX Companies makes up 0.5% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 29th largest position. Illinois Municipal Retirement Fund’s holdings in TJX Companies were worth $42,834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in TJX Companies in the 2nd quarter valued at approximately $16,489,926,000. State Street Corp raised its holdings in TJX Companies by 2.9% during the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock valued at $7,530,947,000 after acquiring an additional 1,388,026 shares during the period. Bank of America Corp DE bought a new stake in TJX Companies during the 2nd quarter valued at $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TJX Companies by 7.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock valued at $1,902,841,000 after acquiring an additional 883,294 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of TJX Companies during the second quarter worth $1,598,731,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a report on Thursday, August 20th. The Goldman Sachs Group reduced their price target on TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Wells Fargo & Company decreased 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. Guggenheim set a $152.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Monday, August 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TJX Companies in a report on Monday, October 19th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $172.78.

More TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: UBS expects largely in-line third-quarter results and says softer Marmaxx sales are unlikely to derail investor confidence. It maintained its Buy rating; its revised $184 target still implies substantial upside from the referenced $136.80 price. Article
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating and a $139 price target, signaling limited near-term upside in its view. Cantor Fitzgerald recommendations
• Neutral Sentiment: Marshalls launched a holiday gift-guide campaign with Lindsay Lohan and online creators. The marketing push may support seasonal visibility, though its effect on sales is not yet clear. Campaign announcement
• Negative Sentiment: UBS cut its TJX price target to $184 from $198, despite retaining its Buy rating. The reduction, alongside the approaching earnings report and softer Marmaxx sales, adds some caution around the near-term outlook. UBS target revision

TJX Companies Price Performance

Shares of NYSE:TJX opened at $136.80 on Wednesday. The company has a 50 day moving average of $135.93 and a 200 day moving average of $150.60. The stock has a market cap of $150.47 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.62 and a beta of 0.58. The TJX Companies, Inc. has a 12 month low of $122.78 and a 12 month high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. TJX Companies’s 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. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, November 12th. 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.