The TJX Companies, Inc. $TJX Shares Sold by Canoe Financial LP

Canoe Financial LP reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 11.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 858,317 shares of the apparel and home fashions retailer’s stock after selling 106,700 shares during the quarter. TJX Companies comprises approximately 1.8% of Canoe Financial LP’s portfolio, making the stock its 25th biggest position. Canoe Financial LP owned approximately 0.08% of TJX Companies worth $124,061,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TJX. Lavaca Capital LLC acquired a new stake in TJX Companies during the 2nd quarter worth $25,000. Princeton Global Asset Management LLC purchased a new stake in shares of TJX Companies in the second quarter valued at about $28,000. Highline Wealth Partners LLC boosted its stake in shares of TJX Companies by 65.0% during the third quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock worth $33,000 after buying an additional 91 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of TJX Companies during the second quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the second quarter worth about $32,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $165.00 price objective on shares of TJX Companies in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their price target on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Erste Group Bank began coverage on shares of TJX Companies in a research report on Friday, September 5th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company restated a “positive” rating and issued a $150.00 target price (up previously from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Buy” and an average price target of $161.50.

TJX Companies Trading Up 0.2%

Shares of TJX stock opened at $156.27 on Friday. The business’s fifty day moving average price is $148.89 and its 200 day moving average price is $138.18. The firm has a market capitalization of $173.53 billion, a PE ratio of 34.50, a P/E/G ratio of 3.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $157.82.

TJX Companies (NYSE:TJX) last issued 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. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The company had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue was up 7.5% on a year-over-year basis. 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 forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was 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 of the company’s stock, valued at $77,286,121.80. This trade represents a 4.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction 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 transaction, the director directly owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 54,863 shares of company stock valued at $8,226,366. Insiders own 0.13% of the company’s stock.

TJX Companies 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.