Sumitomo Mitsui Trust Group Inc. Has $390.97 Million Stock Position in The TJX Companies, Inc. $TJX

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,704,948 shares of the apparel and home fashions retailer’s stock after purchasing an additional 16,009 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of TJX Companies worth $390,973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TJX. Cornell Pochily Investment Advisors Inc. boosted its position in shares of TJX Companies by 7.8% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,795 shares of the apparel and home fashions retailer’s stock valued at $404,000 after buying an additional 202 shares during the last quarter. Gradient Capital Advisors LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $214,000. First Horizon Corp bought a new stake in TJX Companies during the third quarter worth $24,437,000. Pinnacle Bancorp Inc. boosted its position in TJX Companies by 62.3% in the third quarter. Pinnacle Bancorp Inc. now owns 2,229 shares of the apparel and home fashions retailer’s stock worth $322,000 after purchasing an additional 856 shares during the last quarter. Finally, MGO One Seven LLC raised its stake in shares of TJX Companies by 36.9% during the 3rd quarter. MGO One Seven LLC now owns 71,183 shares of the apparel and home fashions retailer’s stock worth $10,289,000 after purchasing an additional 19,196 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity

In related news, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the transaction, the director owned 22,212 shares in the company, valued at $3,362,896.80. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the transaction, the chief executive officer directly owned 535,143 shares in the company, valued at $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. In the last 90 days, insiders have sold 54,863 shares of company stock worth $8,226,366. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI raised their price target on TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Morgan Stanley reiterated an “overweight” rating and set a $162.00 price objective (up previously from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. UBS Group reaffirmed a “buy” rating and issued a $193.00 price target (up previously from $181.00) on shares of TJX Companies in a report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Thursday, December 4th. Finally, TD Cowen raised their price target on TJX Companies from $162.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $163.86.

TJX Companies Trading Down 0.2%

NYSE TJX opened at $157.88 on Monday. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $159.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The company has a 50-day simple moving average of $151.67 and a 200-day simple moving average of $140.79. The firm has a market capitalization of $175.32 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 3.54 and a beta of 0.75.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. 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 forecast 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) 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.