Aberdeen Group plc Lowers Stake in The TJX Companies, Inc. $TJX

Aberdeen Group plc lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,730,985 shares of the apparel and home fashions retailer’s stock after selling 150,573 shares during the period. Aberdeen Group plc owned about 0.16% of TJX Companies worth $250,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Nova Scotia boosted its position in TJX Companies by 129.9% during the 2nd 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 acquiring an additional 152,453 shares in the last quarter. Empowered Funds LLC boosted its position in shares of TJX Companies by 66.6% during the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after purchasing an additional 30,779 shares in the last quarter. Rheos Capital Works Inc. boosted its position in shares of TJX Companies by 26.0% during the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after purchasing an additional 76,400 shares in the last quarter. Wealthfront Advisers LLC grew its stake in TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after purchasing an additional 8,006 shares during the period. Finally, Savoir Faire Capital Management L.P. raised its holdings in TJX Companies by 45.7% in the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock worth $11,760,000 after purchasing an additional 25,534 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.2%

TJX opened at $154.49 on Friday. 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 TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $159.48. The company has a market capitalization of $171.56 billion, a PE ratio of 34.10, a PEG ratio of 2.95 and a beta of 0.74. The firm’s 50 day simple moving average is $154.45 and its two-hundred day simple moving average is $145.75.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The company’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. As a group, 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 $0.425 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s payout ratio is 37.53%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TJX shares. Bank of America upped their price objective on shares of TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 price objective (up previously from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Barclays set a $172.00 target price on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, December 4th. Robert W. Baird set a $168.00 price target on TJX Companies in a report on Wednesday, December 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $163.86.

Insider Activity

In related news, CEO Ernie Herrman sold 24,363 shares of TJX Companies stock in a transaction dated 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 transaction, the chief executive officer owned 510,780 shares in the company, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction 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 transaction, the director owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,863 shares of company stock worth $8,226,366 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

About TJX Companies

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.