Fifth Third Bancorp Lowers Holdings in The TJX Companies, Inc. $TJX

Fifth Third Bancorp trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 905,188 shares of the apparel and home fashions retailer’s stock after selling 19,488 shares during the quarter. Fifth Third Bancorp owned about 0.08% of TJX Companies worth $130,836,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lavaca Capital LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $25,000. Princeton Global Asset Management LLC purchased a new stake in TJX Companies during the 2nd quarter valued at $28,000. Highline Wealth Partners LLC increased its holdings 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 worth $33,000 after purchasing an additional 91 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in shares of TJX Companies in the second quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the second quarter valued at $32,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on TJX shares. Barclays set a $172.00 price objective on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, December 4th. 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. Evercore increased their price objective on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and issued a $170.00 target price on shares of TJX Companies in a report on Tuesday, November 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $162.00 target price (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $163.86.

TJX Companies Stock Up 0.2%

Shares of TJX stock opened at $154.49 on Monday. 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 12 month low of $112.10 and a 12 month high of $159.48. The stock has a market cap of $171.56 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.95 and a beta of 0.74. The company has a 50 day simple moving average of $154.45 and a two-hundred day simple moving average of $145.90.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio is currently 37.53%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the sale, the chief executive officer owned 510,780 shares in the company, valued at $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by company insiders.

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.