TJX Companies (NYSE:TJX) Reaches New 1-Year High After Dividend Announcement

The TJX Companies, Inc. (NYSE:TJX) shares hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $155.77 and last traded at $155.3330, with a volume of 183743 shares trading hands. The stock had previously closed at $153.68.

The newly announced dividend which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

Analyst Ratings Changes

Several research firms have weighed in on TJX. Cowen reiterated a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $145.00 price target (up previously from $140.00) on shares of TJX Companies in a research report on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $170.00 price objective on shares of TJX Companies in a report on Tuesday, November 11th. Bank of America raised their target price on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and an average price target of $161.10.

TJX Companies Price Performance

The company has a fifty day moving average of $145.87 and a 200-day moving average of $136.07. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The stock has a market cap of $173.00 billion, a PE ratio of 34.39, a P/E/G ratio of 3.44 and a beta of 0.76.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.TJX Companies’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the sale, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 535,143 shares in the company, valued at approximately $79,634,629.83. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,863 shares of company stock valued at $8,226,366 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First American Bank increased its holdings in shares of 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 during the period. Bank of Nova Scotia grew its position in TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after buying an additional 152,453 shares in the last quarter. FCG Investment Co acquired a new stake in TJX Companies during the first quarter worth about $2,620,000. MinichMacGregor Wealth Management LLC bought a new position in TJX Companies during the second quarter valued at about $5,045,000. Finally, Empowered Funds LLC raised its holdings in TJX Companies by 66.6% in 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 acquiring an additional 30,779 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

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.