Core Alternative Capital Sells 5,692 Shares of The TJX Companies, Inc. $TJX

Core Alternative Capital lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,653 shares of the apparel and home fashions retailer’s stock after selling 5,692 shares during the period. TJX Companies makes up about 1.8% of Core Alternative Capital’s investment portfolio, making the stock its 13th biggest holding. Core Alternative Capital’s holdings in TJX Companies were worth $6,165,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia grew its stake in TJX Companies by 129.9% in the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after acquiring an additional 152,453 shares during the period. Empowered Funds LLC lifted its holdings in shares of TJX Companies by 66.6% during the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after purchasing an additional 30,779 shares in the last quarter. Rheos Capital Works Inc. increased its stake in TJX Companies by 26.0% during the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after purchasing an additional 76,400 shares in the last quarter. Hendley & Co. Inc. raised its holdings in TJX Companies by 75.0% during the 2nd quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer’s stock worth $1,026,000 after buying an additional 3,560 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in TJX Companies by 52.3% in the second quarter. Wedbush Securities Inc. now owns 27,193 shares of the apparel and home fashions retailer’s stock valued at $3,358,000 after buying an additional 9,334 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TJX. BTIG Research restated a “buy” rating and set a $165.00 price objective on shares of TJX Companies in a report on Thursday, November 20th. 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. Bank of America increased their price objective on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Finally, Guggenheim raised shares of TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus price target of $163.86.

TJX Companies Price Performance

NYSE:TJX opened at $147.97 on Wednesday. The stock has a market capitalization of $164.31 billion, a PE ratio of 32.66, a P/E/G ratio of 3.15 and a beta of 0.75. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $159.48. The firm has a fifty day simple moving average of $154.05 and a 200 day simple moving average of $143.34. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

TJX Companies (NYSE:TJX) last announced its quarterly 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. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The firm had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $14.80 billion. During the same quarter last year, the company posted $1.14 earnings per share. The company’s revenue for the quarter 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, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Insider Buying and Selling

In related news, Director Amy B. Lane sold 500 shares of the 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 in the company, valued at approximately $3,362,896.80. This represents a 2.20% 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, CEO Ernie Herrman sold 30,000 shares of TJX Companies 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 transaction, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. This trade represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,863 shares of company stock worth $8,226,366 over the last three months. 0.13% of the stock is owned by insiders.

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.