Ascent Group LLC Cuts Position in The TJX Companies, Inc. $TJX

Ascent Group LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,752 shares of the apparel and home fashions retailer’s stock after selling 11,245 shares during the period. Ascent Group LLC’s holdings in TJX Companies were worth $8,637,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TJX. Lavaca Capital LLC purchased a new position in TJX Companies in the second quarter valued at about $25,000. Princeton Global Asset Management LLC acquired a new stake in shares of TJX Companies in the 2nd quarter worth approximately $28,000. Howard Hughes Medical Institute acquired a new stake in shares of TJX Companies in the 2nd quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 2nd quarter valued at approximately $32,000. Finally, Capital A Wealth Management LLC raised its holdings in TJX Companies by 776.7% during the second quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock worth $32,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TJX shares. Citigroup reissued a “buy” rating and issued a $168.00 target price (up previously from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Cowen restated a “buy” rating 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 target on shares of TJX Companies in a research report on Tuesday, November 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $161.50.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 500 shares of the 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 transaction, the director directly owned 22,212 shares in the company, valued at $3,362,896.80. This represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $3,686,365.53. Following the completion of the sale, the chief executive officer directly owned 510,780 shares in the company, valued at $77,286,121.80. This represents a 4.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $155.32 on Wednesday. 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 firm has a market cap of $172.48 billion, a PE ratio of 34.29, a P/E/G ratio of 3.51 and a beta of 0.76. The firm has a 50 day simple moving average of $149.65 and a 200-day simple moving average of $139.02. 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 released 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 during the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. TJX Companies’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company 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. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly 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. The ex-dividend date is Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s dividend payout ratio is 37.53%.

About TJX Companies

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.