Eastern Bank Reduces Position in The TJX Companies, Inc. $TJX

Eastern Bank decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,420 shares of the apparel and home fashions retailer’s stock after selling 8,454 shares during the period. Eastern Bank’s holdings in TJX Companies were worth $16,827,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Lavaca Capital LLC purchased a new position in shares of TJX Companies during the second quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new stake in TJX Companies during the 2nd quarter worth $28,000. Highline Wealth Partners LLC grew its position in TJX Companies by 65.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock worth $33,000 after purchasing an additional 91 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in TJX Companies in the second quarter valued at $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies in the second quarter valued at $32,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.6%

TJX opened at $157.99 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $159.48. The stock has a market capitalization of $175.44 billion, a P/E ratio of 34.88, a P/E/G ratio of 3.30 and a beta of 0.75. The business has a 50 day simple moving average of $152.32 and a 200-day simple moving average of $141.28.

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 (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $14.80 billion. During the same quarter in the prior year, the business 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. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is 37.53%.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. Barclays set a $172.00 target price on shares of TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, December 4th. UBS Group reaffirmed a “buy” rating and set a $193.00 price objective (up from $181.00) on shares of TJX Companies in a research report on Thursday, January 8th. JPMorgan Chase & Co. boosted their target price on TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. BTIG Research restated a “buy” rating and set a $165.00 price target on shares of TJX Companies in a research note on Thursday, November 20th. Finally, Bank of America lifted their price objective on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $163.86.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 24,363 shares of TJX Companies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the sale, the chief executive officer directly owned 510,780 shares in the company, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the director directly owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by insiders.

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.