Core Alternative Capital Has $6.17 Million Stake in The TJX Companies, Inc. $TJX

Core Alternative Capital reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,653 shares of the apparel and home fashions retailer’s stock after selling 5,692 shares during the quarter. TJX Companies makes up 1.8% of Core Alternative Capital’s investment portfolio, making the stock its 13th largest holding. Core Alternative Capital’s holdings in TJX Companies were worth $6,165,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Bank of Nova Scotia raised its stake in shares of TJX Companies by 129.9% in the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after purchasing an additional 152,453 shares in the last quarter. Empowered Funds LLC raised its stake 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 buying an additional 30,779 shares in the last quarter. Rheos Capital Works Inc. lifted its holdings in shares of TJX Companies by 26.0% during the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after acquiring an additional 76,400 shares during the period. 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 in the last quarter. Finally, Wedbush Securities Inc. increased its stake in TJX Companies by 52.3% in the second quarter. Wedbush Securities Inc. now owns 27,193 shares of the apparel and home fashions retailer’s stock valued at $3,358,000 after acquiring an additional 9,334 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TJX. The Goldman Sachs Group lifted their price objective on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 price target (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Robert W. Baird set a $168.00 price objective on TJX Companies in a report on Wednesday, December 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 target price on shares of TJX Companies in a report on Tuesday, November 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $163.86.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 500 shares of the business’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 completion of the sale, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a 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 shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the transaction, the chief executive officer directly owned 510,780 shares in the company, valued at approximately $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 54,863 shares of company stock valued at $8,226,366. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $147.97 on Wednesday. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $159.48. 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 firm’s 50 day moving average is $154.05 and its 200-day moving average is $143.34. The firm has a market capitalization of $164.31 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 3.15 and a beta of 0.75.

TJX Companies (NYSE:TJX) last posted 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 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 was up 7.5% on a year-over-year basis. During the same quarter 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 forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company 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 dividend payout ratio (DPR) is currently 37.53%.

TJX Companies Company 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.