The TJX Companies, Inc. $TJX Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 10.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,545,226 shares of the apparel and home fashions retailer’s stock after selling 1,899,061 shares during the period. Bank of New York Mellon Corp’s holdings in TJX Companies were worth $2,246,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in TJX Companies by 0.7% in the second quarter. Vanguard Group Inc. now owns 101,141,056 shares of the apparel and home fashions retailer’s stock valued at $12,489,909,000 after purchasing an additional 727,292 shares during the period. State Street Corp boosted its holdings in shares of TJX Companies by 0.6% in the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after purchasing an additional 285,737 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of TJX Companies by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock valued at $3,205,927,000 after buying an additional 301,127 shares during the period. Norges Bank acquired a new stake in shares of TJX Companies during the 2nd quarter worth $1,808,774,000. Finally, Invesco Ltd. increased its holdings in shares of TJX Companies by 0.9% during the 2nd quarter. Invesco Ltd. now owns 9,081,087 shares of the apparel and home fashions retailer’s stock worth $1,121,423,000 after buying an additional 80,487 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TJX shares. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. The Goldman Sachs Group lifted their price objective on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Evercore ISI increased their target price on shares of TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. UBS Group restated a “buy” rating and issued a $193.00 price target (up previously from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. Finally, TD Cowen reiterated a “buy” rating on shares of TJX Companies in a research note on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $163.86.

Insider Activity

In other news, CEO Ernie Herrman sold 24,363 shares of TJX Companies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the sale, the chief executive officer directly owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director owned 22,212 shares in the company, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 54,863 shares of company stock valued at $8,226,366 over the last 90 days. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $147.97 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $159.48. The stock’s 50 day moving average price is $154.05 and its 200 day moving average price is $143.34. The firm has a market capitalization of $164.31 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 3.15 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $15.12 billion for 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% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio is presently 37.53%.

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.