16,018 The TJX Companies, Inc. $TJX Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.4% in the third quarter, HoldingsChannel.com reports. The fund owned 174,503 shares of the apparel and home fashions retailer’s stock after selling 16,018 shares during the quarter. Banque Pictet & Cie SA’s holdings in TJX Companies were worth $23,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coston McIsaac & Partners increased its stake in shares of TJX Companies by 11.3% in the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 64 shares in the last quarter. Kohmann Bosshard Financial Services LLC lifted its position in shares of TJX Companies by 11.0% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 66 shares during the period. HBW Advisory Services LLC boosted its stake in TJX Companies by 5.1% during the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock worth $206,000 after acquiring an additional 66 shares in the last quarter. Howard Financial Services LTD. increased its position in TJX Companies by 3.5% in the 2nd quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $307,000 after buying an additional 69 shares in the last quarter. Finally, Millstone Evans Group LLC raised its stake in TJX Companies by 26.0% during the 1st quarter. Millstone Evans Group LLC now owns 344 shares of the apparel and home fashions retailer’s stock worth $55,000 after buying an additional 71 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 1.9%

Shares of NYSE TJX opened at $147.37 on Friday. The TJX Companies, Inc. has a 52 week low of $122.78 and a 52 week high of $170.00. The business has a 50-day simple moving average of $136.83 and a two-hundred day simple moving average of $150.21. 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 company has a market cap of $162.10 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.61 and a beta of 0.56.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) 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 firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued 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 dividend yield of 1.3%. TJX Companies’s payout ratio is presently 35.49%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent research reports. Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. UBS Group reissued a “buy” rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Evercore reissued an “outperform” rating and set a $173.00 price objective (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $174.86.

About TJX Companies

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise at prices generally below those of traditional department and specialty stores. Its inventory typically includes branded, designer and name-brand products purchased through opportunistic buying, including order cancellations, excess production and closeout merchandise. Product selection and pricing can vary by store and change frequently.

The company operates a portfolio of retail chains in the United States, Canada, Europe and Australia.