1832 Asset Management L.P. Sells 1,262,558 Shares of The TJX Companies, Inc. $TJX

1832 Asset Management L.P. trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 25.1% in the 2nd quarter, Holdings Channel reports. The firm owned 3,770,334 shares of the apparel and home fashions retailer’s stock after selling 1,262,558 shares during the period. 1832 Asset Management L.P.’s holdings in TJX Companies were worth $465,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares during the period. Bison Wealth LLC grew its stake in shares of TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after purchasing an additional 955 shares during the period. Harbour Investments Inc. increased its position in shares of TJX Companies by 17.0% during the 1st quarter. Harbour Investments Inc. now owns 4,272 shares of the apparel and home fashions retailer’s stock valued at $520,000 after purchasing an additional 620 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of TJX Companies by 6.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 377,004 shares of the apparel and home fashions retailer’s stock worth $45,919,000 after purchasing an additional 21,863 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following the completion of the transaction, the chief executive officer directly owned 510,780 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the sale, the director owned 22,212 shares in the company, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,863 shares of company stock valued at $8,226,366 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.7%

Shares of TJX opened at $150.10 on Wednesday. The company’s fifty day simple moving average is $144.69 and its 200-day simple moving average is $135.20. The company has a market cap of $167.05 billion, a P/E ratio of 34.19, a P/E/G ratio of 3.14 and a beta of 0.76. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $154.66.

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 during the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s payout ratio is currently 37.53%.

Wall Street Analyst Weigh In

TJX has been the subject of several recent research reports. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Evercore ISI boosted their price objective 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. Barclays restated an “overweight” rating and issued a $168.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, November 20th. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, October 8th. Finally, BTIG Research restated a “buy” rating and issued a $165.00 price target on shares of TJX Companies in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and an average target price of $158.90.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.