Bank of New York Mellon Corp Lowers Stock Position in The TJX Companies, Inc. $TJX

Bank of New York Mellon Corp trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,545,226 shares of the apparel and home fashions retailer’s stock after selling 1,899,061 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.40% of TJX Companies worth $2,246,907,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. raised its holdings in shares of TJX Companies by 2.3% in the third quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock valued at $472,000 after buying an additional 73 shares during the last quarter. Webster Bank N. A. increased its position in TJX Companies by 1.6% in the 3rd quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock valued at $661,000 after acquiring an additional 73 shares during the period. Ignite Planners LLC raised its stake in TJX Companies by 3.8% during the 2nd quarter. Ignite Planners LLC now owns 2,130 shares of the apparel and home fashions retailer’s stock valued at $260,000 after acquiring an additional 77 shares during the last quarter. Banco de Sabadell S.A lifted its position in TJX Companies by 0.4% during the 2nd quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock worth $2,587,000 after acquiring an additional 77 shares during the period. Finally, Carr Financial Group Corp grew its stake in shares of TJX Companies by 2.5% in the 3rd quarter. Carr Financial Group Corp now owns 3,180 shares of the apparel and home fashions retailer’s stock valued at $460,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TJX shares. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Jefferies Financial Group restated a “buy” rating and set a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, November 11th. Evercore ISI lifted their target price on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Finally, Bank of America lifted their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and an average target price of $163.86.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the firm’s 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 sale, the director directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by insiders.

TJX Companies Stock Performance

Shares of TJX opened at $147.97 on Wednesday. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $159.48. The stock has a market cap of $164.31 billion, a P/E ratio of 32.66, a PEG ratio of 3.15 and a beta of 0.75. 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 company has a 50-day moving average of $154.05 and a two-hundred day moving average of $143.34.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. 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, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed 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. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is currently 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.