AlTi Global Inc. Buys 7,368 Shares of The TJX Companies, Inc. $TJX

AlTi Global Inc. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 146.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,410 shares of the apparel and home fashions retailer’s stock after buying an additional 7,368 shares during the quarter. AlTi Global Inc.’s holdings in TJX Companies were worth $1,794,000 as of its most recent SEC filing.

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BTIG Research restated a “buy” rating and set a $165.00 target price on shares of TJX Companies in a research report on Thursday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a report on Thursday, December 4th. Barclays set a $172.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, December 4th. Citigroup reiterated a “buy” rating and issued a $168.00 target price (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Finally, UBS Group restated a “buy” rating and issued a $193.00 price target (up previously from $181.00) on shares of TJX Companies in a 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $163.86.

TJX Companies Stock Performance

TJX Companies stock opened at $153.34 on Wednesday. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $159.48. The company’s 50-day moving average is $154.33 and its 200 day moving average is $145.32. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43.

TJX Companies (NYSE:TJX) last issued its 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 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 analyst estimates of $14.80 billion. During the same quarter last year, the business posted $1.14 EPS. The firm’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. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is 37.53%.

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.