Fiduciary Wealth Partners LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 625.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,763 shares of the apparel and home fashions retailer’s stock after buying an additional 3,244 shares during the quarter. Fiduciary Wealth Partners LLC’s holdings in TJX Companies were worth $544,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of TJX. Lavaca Capital LLC acquired a new stake in TJX Companies during the second quarter worth approximately $25,000. Princeton Global Asset Management LLC bought a new position in shares of TJX Companies during the second quarter worth approximately $28,000. Howard Hughes Medical Institute bought a new position in shares of TJX Companies during the second quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 2nd quarter worth approximately $32,000. Finally, Capital A Wealth Management LLC boosted its stake in 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 valued at $32,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.
Analyst Ratings Changes
TJX has been the topic of several recent research reports. Robert W. Baird set a $168.00 price objective on TJX Companies in a research report on Wednesday, December 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research report on Thursday, December 4th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a research report on Thursday, January 8th. Finally, Evercore ISI lifted their price target on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” 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 company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $163.86.
Insider Buying and Selling at TJX Companies
In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the transaction, the chief executive officer owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. The trade was a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction 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 owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 54,863 shares of company stock worth $8,226,366. Corporate insiders own 0.13% of the company’s stock.
TJX Companies Trading Up 0.6%
Shares of TJX Companies stock opened at $156.00 on Friday. 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 12-month low of $112.10 and a 12-month high of $159.48. The company has a market capitalization of $173.23 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.25 and a beta of 0.75. The firm’s 50-day moving average price is $152.79 and its two-hundred day moving average price is $141.48.
TJX Companies (NYSE:TJX – Get Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $15.12 billion during 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 firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior 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. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders 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 presently 37.53%.
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.
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