Legacy Wealth Management LLC MS Sells 4,900 Shares of The TJX Companies, Inc. $TJX

Legacy Wealth Management LLC MS lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 13.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 32,808 shares of the apparel and home fashions retailer’s stock after selling 4,900 shares during the period. TJX Companies comprises about 1.4% of Legacy Wealth Management LLC MS’s portfolio, making the stock its 13th largest holding. Legacy Wealth Management LLC MS’s holdings in TJX Companies were worth $4,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $122,000. Baker Ellis Asset Management LLC grew its holdings in shares of TJX Companies by 265.3% in the third quarter. Baker Ellis Asset Management LLC now owns 10,502 shares of the apparel and home fashions retailer’s stock valued at $1,518,000 after acquiring an additional 7,627 shares in the last quarter. WD Rutherford LLC increased its position in shares of TJX Companies by 5.6% during the third quarter. WD Rutherford LLC now owns 27,248 shares of the apparel and home fashions retailer’s stock valued at $3,938,000 after acquiring an additional 1,447 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in TJX Companies by 25.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 11,377 shares of the apparel and home fashions retailer’s stock worth $1,644,000 after acquiring an additional 2,277 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in TJX Companies by 1.1% in the third quarter. Venturi Wealth Management LLC now owns 124,413 shares of the apparel and home fashions retailer’s stock worth $17,983,000 after purchasing an additional 1,298 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the topic of a number of recent analyst reports. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Morgan Stanley reissued an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Wall Street Zen downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Robert W. Baird set a $168.00 price target on shares of TJX Companies in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $163.86.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the transaction, the director directly owned 22,212 shares in the company, 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 this link. Also, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction 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 sale, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at $79,634,629.83. The trade was a 5.31% 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 three months. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 2.6%

TJX stock opened at $158.04 on Friday. The business has a 50 day moving average of $151.31 and a 200 day moving average of $140.33. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $158.55. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $175.50 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 3.46 and a beta of 0.75.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The firm had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter last year, the firm posted $1.14 EPS. The business’s quarterly 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, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s payout ratio is currently 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.