Advisors Asset Management Inc. Lowers Stake in The TJX Companies, Inc. $TJX

Advisors Asset Management Inc. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,179 shares of the apparel and home fashions retailer’s stock after selling 4,661 shares during the quarter. Advisors Asset Management Inc.’s holdings in TJX Companies were worth $16,214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TJX. Stratos Wealth Partners LTD. increased its position in TJX Companies by 12.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 37,492 shares of the apparel and home fashions retailer’s stock worth $5,419,000 after purchasing an additional 4,252 shares in the last quarter. BlueChip Wealth Advisors LLC acquired a new position in TJX Companies during the third quarter valued at approximately $238,000. Baader Bank Aktiengesellschaft purchased a new stake in TJX Companies during the third quarter worth approximately $493,000. Cove Private Wealth LLC increased its position in shares of TJX Companies by 11.7% in the third quarter. Cove Private Wealth LLC now owns 5,738 shares of the apparel and home fashions retailer’s stock worth $829,000 after acquiring an additional 600 shares in the last quarter. Finally, Wealthstream Advisors Inc. raised its stake in shares of TJX Companies by 4.0% in the 3rd quarter. Wealthstream Advisors Inc. now owns 2,245 shares of the apparel and home fashions retailer’s stock valued at $324,000 after acquiring an additional 86 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. TD Cowen reissued a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Evercore upped their price target on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $163.86.

TJX Companies Stock Performance

TJX Companies stock opened at $153.34 on Wednesday. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week 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 stock has a market cap of $170.28 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 2.99 and a beta of 0.74. The stock has a 50 day moving average of $154.33 and a 200-day moving average of $145.32.

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 (EPS) for the quarter, topping 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 business had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. 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, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given 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 presently 37.53%.

Insider Transactions at TJX Companies

In other TJX Companies news, 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 transaction of $75,700.00. Following the transaction, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the transaction, the chief executive officer owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. The trade was a 5.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 54,863 shares of company stock valued at $8,226,366 over the last quarter. 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.