GRIMES & Co WEALTH MANAGEMENT LLC Raises Stock Holdings in The TJX Companies, Inc. $TJX

GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 63.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,344 shares of the apparel and home fashions retailer’s stock after buying an additional 6,712 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in TJX Companies were worth $2,507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Lavaca Capital LLC purchased a new position in TJX Companies during the 2nd quarter valued at about $25,000. Princeton Global Asset Management LLC bought a new position in shares of TJX Companies during the second quarter valued at approximately $28,000. Howard Hughes Medical Institute purchased a new position in shares of TJX Companies during the second quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $32,000. Finally, Capital A Wealth Management LLC boosted its position in shares of TJX Companies by 776.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock worth $32,000 after purchasing an additional 233 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.6%

Shares of TJX Companies stock opened at $157.99 on Wednesday. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $159.48. The company’s fifty day simple moving average is $152.32 and its 200-day simple moving average is $141.28. 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 stock has a market capitalization of $175.44 billion, a PE ratio of 34.88, a P/E/G ratio of 3.30 and a beta of 0.75.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. The firm had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.TJX Companies’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given 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 of this dividend is Thursday, February 12th. TJX Companies’s payout ratio is presently 37.53%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred on 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 transaction, the chief executive officer owned 535,143 shares of the company’s stock, valued at $79,634,629.83. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of the company’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 transaction of $75,700.00. Following the completion of the transaction, the director owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 54,863 shares of company stock valued at $8,226,366. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed a “positive” rating and set a $150.00 price objective (up previously from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research note on Thursday, January 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a research report on Tuesday, November 11th. Evercore ISI upped their price target on shares of TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective 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. Two research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Buy” and an average price target of $163.86.

TJX Companies Company 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.