GRIMES & Co WEALTH MANAGEMENT LLC Purchases 6,712 Shares of The TJX Companies, Inc. $TJX

GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 63.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,344 shares of the apparel and home fashions retailer’s stock after buying an additional 6,712 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in TJX Companies were worth $2,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First American Bank boosted its stake in TJX Companies by 4.5% during the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock valued at $17,145,000 after buying an additional 5,921 shares during the period. Bank of Nova Scotia increased its stake in TJX Companies by 129.9% in the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after acquiring an additional 152,453 shares during the last quarter. MinichMacGregor Wealth Management LLC purchased a new stake in shares of TJX Companies in the 2nd quarter valued at about $5,045,000. Empowered Funds LLC raised its holdings in shares of 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. Finally, Hendley & Co. Inc. boosted its position in shares of TJX Companies by 75.0% during the 2nd quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer’s stock valued at $1,026,000 after acquiring an additional 3,560 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. This represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,863 shares of company stock worth $8,226,366. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, November 11th. Citigroup reissued a “buy” rating and issued a $168.00 price target (up previously from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Evercore ISI raised their price objective on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. UBS Group reiterated a “buy” rating and issued a $193.00 target price (up from $181.00) on shares of TJX Companies in a research report on Thursday, January 8th. Finally, Bank of America raised their price target on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $163.86.

TJX Companies Stock Up 0.6%

NYSE TJX opened at $157.99 on Wednesday. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $159.48. The stock has a market capitalization of $175.44 billion, a PE ratio of 34.88, a PEG ratio of 3.30 and a beta of 0.75. 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 business’s 50-day moving average is $152.32 and its 200 day moving average is $141.28.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. The business had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business 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 forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

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.