The TJX Companies, Inc. $TJX Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,856 shares of the apparel and home fashions retailer’s stock after selling 4,443 shares during the quarter. New York Life Investment Management LLC’s holdings in TJX Companies were worth $23,539,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TJX. Lavaca Capital LLC acquired a new position in TJX Companies during the 2nd quarter valued at approximately $25,000. Princeton Global Asset Management LLC purchased a new stake in shares of TJX Companies during the second quarter valued at $28,000. Highline Wealth Partners LLC increased its position in shares of TJX Companies by 65.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock valued at $33,000 after acquiring an additional 91 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of TJX Companies in the 2nd quarter valued at $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 2nd quarter worth $32,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.3%

TJX Companies stock opened at $155.86 on Monday. The firm has a market cap of $173.08 billion, a PE ratio of 34.41, a P/E/G ratio of 2.98 and a beta of 0.74. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $159.48. The stock’s 50 day simple moving average is $154.16 and its two-hundred day simple moving average is $144.92. 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 earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating 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%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared 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. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s payout ratio is currently 37.53%.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a report on Tuesday, January 6th. The Goldman Sachs Group lifted their target price on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. UBS Group reiterated a “buy” rating and issued a $193.00 target price (up previously from $181.00) on shares of TJX Companies in a research report on Thursday, January 8th. Morgan Stanley reissued an “overweight” rating and set a $162.00 price target (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Bank of America upped their price objective on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $163.86.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $148.81, for a total value of $4,464,300.00. Following the transaction, the chief executive officer owned 535,143 shares in the company, valued at $79,634,629.83. This trade represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,863 shares of company stock valued at $8,226,366 in the last ninety days. 0.13% of the stock is currently owned by insiders.

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.