The TJX Companies, Inc. $TJX Holdings Decreased by Bessemer Group Inc.

Bessemer Group Inc. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,489 shares of the apparel and home fashions retailer’s stock after selling 5,358 shares during the period. Bessemer Group Inc.’s holdings in TJX Companies were worth $9,757,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia raised its position in TJX Companies by 129.9% in the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after acquiring an additional 152,453 shares in the last quarter. Empowered Funds LLC grew its stake in shares of TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after purchasing an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. raised its holdings in shares of TJX Companies by 26.0% in the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after purchasing an additional 76,400 shares in the last quarter. Savoir Faire Capital Management L.P. raised its holdings in shares of TJX Companies by 45.7% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock worth $11,760,000 after purchasing an additional 25,534 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in TJX Companies by 52.3% during the second quarter. Wedbush Securities Inc. now owns 27,193 shares of the apparel and home fashions retailer’s stock valued at $3,358,000 after purchasing an additional 9,334 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 24,363 shares of TJX Companies stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the sale, the chief executive officer owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction dated 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 owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 54,863 shares of company stock valued at $8,226,366. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research report on Thursday, December 4th. Wells Fargo & Company restated a “positive” rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research report on Thursday, January 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $163.86.

TJX Companies Trading Up 0.3%

Shares of NYSE TJX opened at $155.86 on Friday. 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 one year low of $112.10 and a one year high of $159.48. The business has a 50-day moving average price of $154.16 and a two-hundred day moving average price of $144.66. The firm has a market capitalization of $173.08 billion, a PE ratio of 34.41, a PEG ratio of 2.97 and a beta of 0.74.

TJX Companies (NYSE:TJX) last posted 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 period in the prior year, the firm earned $1.14 earnings per share. The firm’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. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 issued a dividend of $0.425 per share. 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%.

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.