Barings LLC Decreases Stake in The TJX Companies, Inc. $TJX

Barings LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 28.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,358 shares of the apparel and home fashions retailer’s stock after selling 1,724 shares during the period. Barings LLC’s holdings in TJX Companies were worth $538,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FCG Investment Co purchased a new position in shares of TJX Companies in the first quarter valued at $2,620,000. First American Bank lifted its holdings in TJX Companies by 4.5% during the 2nd quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock worth $17,145,000 after purchasing an additional 5,921 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new position in TJX Companies in the 2nd quarter worth about $5,045,000. Empowered Funds LLC grew its holdings in 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 buying an additional 30,779 shares in the last quarter. Finally, Infusive Asset Management Inc. increased its position in shares of TJX Companies by 30.1% during the first quarter. Infusive Asset Management Inc. now owns 27,730 shares of the apparel and home fashions retailer’s stock valued at $3,378,000 after buying an additional 6,415 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $151.46 on Monday. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $152.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company has a market capitalization of $168.57 billion, a P/E ratio of 34.50, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a fifty day moving average of $143.04 and a 200-day moving average of $134.17.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS. FY 2026 guidance at 4.630-4.660 EPS. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued 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, November 13th. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday. Macquarie reiterated a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Bank of America raised their price target on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday. BTIG Research reaffirmed a “buy” rating and issued a $165.00 price target on shares of TJX Companies in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average target price of $158.90.

Insider Transactions at TJX Companies

In other TJX Companies news, 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 value of $75,700.00. Following the completion of the sale, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of the 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 in the company, valued at $79,634,629.83. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is currently owned by insiders.

About TJX Companies

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.