Resona Asset Management Co. Ltd. Sells 18,180 Shares of The TJX Companies, Inc. $TJX

Resona Asset Management Co. Ltd. lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 395,851 shares of the apparel and home fashions retailer’s stock after selling 18,180 shares during the period. Resona Asset Management Co. Ltd.’s holdings in TJX Companies were worth $57,155,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TJX. Lavaca Capital LLC acquired a new position in shares of TJX Companies during the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC bought a new stake in TJX Companies in the second quarter valued at $28,000. Howard Hughes Medical Institute acquired a new position in shares of TJX Companies during the second quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at about $32,000. Finally, Capital A Wealth Management LLC increased its position in TJX Companies by 776.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock valued at $32,000 after buying an additional 233 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 22,212 shares in the company, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the sale, the chief executive officer directly owned 535,143 shares in the company, valued at approximately $79,634,629.83. This trade represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,863 shares of company stock worth $8,226,366 over the last quarter. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. JPMorgan Chase & Co. upped their target price on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and set a $170.00 price target on shares of TJX Companies in a research note on Tuesday, November 11th. Barclays set a $172.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, December 4th. Robert W. Baird set a $168.00 target price on shares of TJX Companies in a research report on Wednesday, December 17th. Finally, Guggenheim raised shares of TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $163.86.

TJX Companies Trading Down 0.2%

Shares of TJX Companies stock opened at $153.17 on Friday. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48. The stock’s 50-day simple moving average is $153.91 and its 200 day simple moving average is $142.75. The stock has a market capitalization of $170.09 billion, a P/E ratio of 33.81, a P/E/G ratio of 3.22 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. 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. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s dividend payout ratio is currently 37.53%.

About TJX Companies

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.