Assetmark Inc. Acquires 5,030 Shares of The TJX Companies, Inc. $TJX

Assetmark Inc. lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 216,530 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,030 shares during the quarter. Assetmark Inc.’s holdings in TJX Companies were worth $31,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. 1776 Wealth LLC lifted its position in shares of TJX Companies by 0.5% in the 3rd quarter. 1776 Wealth LLC now owns 33,113 shares of the apparel and home fashions retailer’s stock worth $4,786,000 after purchasing an additional 177 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of TJX Companies by 13.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 277,285 shares of the apparel and home fashions retailer’s stock worth $40,079,000 after buying an additional 32,596 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its position in shares of TJX Companies by 14.9% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 182,966 shares of the apparel and home fashions retailer’s stock worth $26,446,000 after purchasing an additional 23,700 shares in the last quarter. Drake & Associates LLC purchased a new stake in shares of TJX Companies during the third quarter worth about $441,000. Finally, Savvy Advisors Inc. raised its holdings in shares of TJX Companies by 31.5% in the third quarter. Savvy Advisors Inc. now owns 17,954 shares of the apparel and home fashions retailer’s stock worth $2,595,000 after buying an additional 4,301 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2%

Shares of NYSE:TJX opened at $154.49 on Friday. The company has a market capitalization of $171.56 billion, a PE ratio of 34.10, a P/E/G ratio of 2.95 and a beta of 0.74. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $159.48. The firm has a 50 day simple moving average of $154.45 and a 200-day simple moving average of $145.62. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

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 analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The company had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $14.80 billion. During the same period last year, the firm earned $1.14 EPS. The firm’s revenue for the quarter 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 paid a $0.425 dividend. The ex-dividend date 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 37.53%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the sale, the director owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,863 shares of company stock worth $8,226,366 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TJX shares. Evercore boosted their price objective on TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Wells Fargo & Company reissued a “positive” rating and set a $150.00 target price (up previously from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Thursday, December 4th. Finally, UBS Group reiterated a “buy” rating and set a $193.00 price target (up from $181.00) on shares of TJX Companies in a research report on Thursday, January 8th. Two 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.com, the stock currently has a consensus rating of “Buy” and an average target price of $163.86.

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.