Zweig DiMenna Associates LLC Takes Position in The TJX Companies, Inc. $TJX

Zweig DiMenna Associates LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 41,675 shares of the apparel and home fashions retailer’s stock, valued at approximately $6,024,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 0.8% during the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock worth $14,737,557,000 after acquiring an additional 820,730 shares during the period. State Street Corp boosted its stake in TJX Companies by 0.6% in the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after purchasing an additional 285,737 shares during the period. Geode Capital Management LLC grew its holdings in TJX Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock valued at $3,205,927,000 after buying an additional 301,127 shares in the last quarter. Norges Bank bought a new position in TJX Companies during the 2nd quarter worth $1,808,774,000. Finally, Invesco Ltd. increased its position in TJX Companies by 0.9% during the 2nd quarter. Invesco Ltd. now owns 9,081,087 shares of the apparel and home fashions retailer’s stock worth $1,121,423,000 after buying an additional 80,487 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 target price on shares of TJX Companies in a report on Thursday, December 4th. Wells Fargo & Company reiterated a “positive” rating and issued a $150.00 price target (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Morgan Stanley reissued an “overweight” rating and set a $162.00 price target (up previously from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Buy” and an average target price of $163.86.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following the completion of the transaction, the chief executive officer owned 510,780 shares of the company’s stock, valued at $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 54,863 shares of company stock worth $8,226,366 in the last 90 days. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.2%

Shares of TJX opened at $154.49 on Tuesday. 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 TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48. The firm has a market cap of $171.56 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.95 and a beta of 0.74. The business’s fifty day moving average is $154.47 and its 200-day moving average is $146.11.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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 business had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same period last year, the firm 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. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors 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 presently 37.53%.

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.