Welch & Forbes LLC Sells 4,277 Shares of The TJX Companies, Inc. $TJX

Welch & Forbes LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 780,740 shares of the apparel and home fashions retailer’s stock after selling 4,277 shares during the period. TJX Companies accounts for about 1.4% of Welch & Forbes LLC’s portfolio, making the stock its 18th largest holding. Welch & Forbes LLC owned about 0.07% of TJX Companies worth $112,848,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TJX. Norges Bank acquired a new position in shares of TJX Companies during the 2nd quarter worth approximately $1,808,774,000. Laurel Wealth Advisors LLC grew its stake in shares of TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after buying an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC increased its holdings in TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after buying an additional 2,743,676 shares during the last quarter. ABN AMRO Bank N.V. acquired a new position in TJX Companies during the second quarter worth $244,687,000. Finally, Mirova US LLC raised its position in TJX Companies by 164.5% during the second quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock worth $333,319,000 after acquiring an additional 1,678,665 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TJX. Citigroup reissued a “buy” rating and issued a $168.00 price objective (up previously from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Jefferies Financial Group restated a “buy” rating and issued a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, November 11th. Evercore ISI raised their price objective on TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Finally, UBS Group reissued a “buy” rating and set a $193.00 target price (up from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $163.86.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 24,363 shares of the business’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 sale, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction that occurred 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 sale, 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 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. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $149.80 on Friday. 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 $166.35 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 3.09 and a beta of 0.75. The stock’s fifty day moving average price is $154.03 and its two-hundred day moving average price is $143.58. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $159.48.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.80 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. TJX Companies’s quarterly 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. 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.