Westwood Holdings Group Inc. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,797 shares of the apparel and home fashions retailer’s stock after selling 10,423 shares during the quarter. Westwood Holdings Group Inc.’s holdings in TJX Companies were worth $23,438,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Ignite Planners LLC grew its stake in TJX Companies by 3.8% in the 2nd quarter. Ignite Planners LLC now owns 2,130 shares of the apparel and home fashions retailer’s stock worth $260,000 after acquiring an additional 77 shares during the period. Banco de Sabadell S.A boosted its holdings in shares of TJX Companies by 0.4% during the second quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock worth $2,587,000 after purchasing an additional 77 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of TJX Companies by 3.3% in the second quarter. Revolve Wealth Partners LLC now owns 2,453 shares of the apparel and home fashions retailer’s stock valued at $303,000 after purchasing an additional 79 shares during the period. Roble Belko & Company Inc increased its stake in TJX Companies by 0.3% in the second quarter. Roble Belko & Company Inc now owns 31,478 shares of the apparel and home fashions retailer’s stock valued at $3,887,000 after purchasing an additional 82 shares during the last quarter. Finally, 3Chopt Investment Partners LLC lifted its position in TJX Companies by 1.6% during the second quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer’s stock worth $647,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.
Wall Street Analyst Weigh In
TJX has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, November 11th. Citigroup restated a “buy” rating and issued a $168.00 target price (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Robert W. Baird increased their price target on shares of TJX Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Evercore ISI boosted their price objective on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Finally, Sanford C. Bernstein upped their price objective on TJX Companies from $152.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and an average price target of $161.10.
Insider Transactions at TJX Companies
In related news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the sale, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $148.81, for a total value of $4,464,300.00. Following 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 ownership of the stock. 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. 0.13% of the stock is currently owned by insiders.
TJX Companies Trading Up 0.3%
Shares of TJX stock opened at $156.10 on Monday. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $157.72. The firm’s 50 day moving average price is $146.43 and its two-hundred day moving average price is $136.55. The stock has a market cap of $173.34 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 3.50 and a beta of 0.76.
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. 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, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.
TJX Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.425 per share. 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 currently 37.53%.
About TJX Companies
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.
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