National Pension Service raised its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,522,392 shares of the apparel and home fashions retailer’s stock after purchasing an additional 67,940 shares during the quarter. National Pension Service owned approximately 0.23% of TJX Companies worth $364,587,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in TJX. Lavaca Capital LLC bought a new stake in TJX Companies during the second quarter worth $25,000. Princeton Global Asset Management LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $28,000. Howard Hughes Medical Institute acquired a new stake in TJX Companies in the 2nd quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the second quarter worth about $32,000. Finally, Capital A Wealth Management LLC grew its holdings in TJX Companies by 776.7% during the second quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock worth $32,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.
Insider Activity at TJX Companies
In other TJX Companies news, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.31, for a total value of $3,686,365.53. Following the sale, the chief executive officer directly owned 510,780 shares in the company, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 54,863 shares of company stock valued at $8,226,366. 0.13% of the stock is currently owned by corporate insiders.
TJX Companies Stock Up 1.6%
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same period in the prior year, the company posted $1.14 earnings per share. TJX Companies’s revenue was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.
TJX Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s payout ratio is presently 37.53%.
Analyst Upgrades and Downgrades
TJX has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Bank of America raised their price target on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average price target of $163.86.
Get Our Latest Analysis on TJX Companies
TJX Companies Profile
TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.
The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.
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