TJX Companies (NYSE:TJX) Hits New 1-Year High Following Dividend Announcement

The TJX Companies, Inc. (NYSE:TJX)’s share price hit a new 52-week high during trading on Wednesday following a dividend announcement from the company. The company traded as high as $155.77 and last traded at $155.3330, with a volume of 183743 shares. The stock had previously closed at $153.68.

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

Analyst Ratings Changes

Several research analysts recently issued reports on TJX shares. Sanford C. Bernstein lifted their price objective on TJX Companies from $152.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Cowen reiterated a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and set a $165.00 price target on shares of TJX Companies in a research note on Thursday, November 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a $162.00 price objective (up previously from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $161.10.

TJX Companies Stock Up 1.3%

The firm has a market cap of $172.84 billion, a PE ratio of 34.36, a PEG ratio of 3.44 and a beta of 0.76. 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 stock has a fifty day moving average price of $145.65 and a 200-day moving average price of $135.93.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 24,363 shares of the business’s 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 owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. The trade was a 4.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,863 shares of company stock worth $8,226,366. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares in the last quarter. Cooper Financial Group raised its position in TJX Companies by 8.2% during the first quarter. Cooper Financial Group now owns 2,648 shares of the apparel and home fashions retailer’s stock valued at $323,000 after buying an additional 200 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in TJX Companies by 20.4% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,003 shares of the apparel and home fashions retailer’s stock worth $737,000 after acquiring an additional 1,016 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.