Azzad Asset Management Inc. ADV Cuts Stake in The TJX Companies, Inc. $TJX

Azzad Asset Management Inc. ADV lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,377 shares of the apparel and home fashions retailer’s stock after selling 7,488 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in TJX Companies were worth $3,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Bank of Nova Scotia raised its stake in TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after buying an additional 152,453 shares in the last quarter. Empowered Funds LLC increased its holdings 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 valued at $9,508,000 after acquiring an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. raised its position in shares of TJX Companies by 26.0% during the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after acquiring an additional 76,400 shares in the last quarter. Savoir Faire Capital Management L.P. lifted its stake in TJX Companies by 45.7% during the third 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 during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in TJX Companies by 52.3% in the second quarter. Wedbush Securities Inc. now owns 27,193 shares of the apparel and home fashions retailer’s stock worth $3,358,000 after purchasing an additional 9,334 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were 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 directly owned 535,143 shares in the company, valued at $79,634,629.83. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 500 shares of the firm’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 transaction of $75,700.00. Following the transaction, the director owned 22,212 shares in the company, valued at $3,362,896.80. This represents a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research reports. BTIG Research reissued a “buy” rating and set a $165.00 target price on shares of TJX Companies in a report on Thursday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research report on Thursday, December 4th. Evercore increased their price objective on shares of TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Citigroup restated a “buy” rating and set a $168.00 price objective (up previously from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $163.86.

TJX Companies Stock Performance

Shares of TJX stock opened at $155.86 on Friday. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $159.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43. The firm has a market capitalization of $173.08 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.98 and a beta of 0.74. The business has a 50 day simple moving average of $154.16 and a 200 day simple moving average of $144.79.

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, 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 in the previous year, the firm 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. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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