Channing Global Advisors LLC Has $1.47 Million Position in The TJX Companies, Inc. $TJX

Channing Global Advisors LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,872 shares of the apparel and home fashions retailer’s stock after selling 1,411 shares during the period. TJX Companies accounts for 0.9% of Channing Global Advisors LLC’s holdings, making the stock its 23rd biggest holding. Channing Global Advisors LLC’s holdings in TJX Companies were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new stake in TJX Companies in the 2nd quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the second quarter valued at approximately $32,000. True Wealth Design LLC increased its holdings in shares of TJX Companies by 121.1% during the second quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 149 shares in the last quarter. Activest Wealth Management raised its position in shares of TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock worth $39,000 after purchasing an additional 314 shares during the period. Finally, Maseco LLP bought a new position in shares of TJX Companies in the 2nd quarter worth $43,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the transaction, the chief executive officer owned 510,780 shares in the company, valued at approximately $77,286,121.80. This represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the sale, the director owned 22,212 shares of the company’s stock, valued at $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. Over the last ninety days, insiders have sold 54,863 shares of company stock valued at $8,226,366. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several research reports. Sanford C. Bernstein upped their price objective on shares of TJX Companies from $152.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Wells Fargo & Company restated a “market perform” rating and issued a $145.00 target price (up previously from $140.00) on shares of TJX Companies in a report on Thursday, November 20th. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Finally, UBS Group increased their price objective on TJX Companies from $172.00 to $181.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. One equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $158.90.

TJX Companies Trading Down 0.4%

Shares of TJX stock opened at $152.45 on Friday. 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 $169.67 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $154.66. The company has a 50-day simple moving average of $144.25 and a two-hundred day simple moving average of $134.93.

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

TJX Companies Dividend Announcement

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

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.