Summit Global Investments Sells 686 Shares of The TJX Companies, Inc. $TJX

Summit Global Investments trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 16.9% during the second quarter, Holdings Channel reports. The firm owned 3,368 shares of the apparel and home fashions retailer’s stock after selling 686 shares during the quarter. Summit Global Investments’ holdings in TJX Companies were worth $416,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. TCTC Holdings LLC increased its position in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in TJX Companies during the second quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the second quarter valued at $32,000. True Wealth Design LLC increased its holdings in shares of TJX Companies by 121.1% in the second quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 149 shares during the last quarter. Finally, Activest Wealth Management raised its position in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after purchasing an additional 314 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE TJX opened at $152.34 on Wednesday. The business has a fifty day moving average price of $143.46 and a two-hundred day moving average price of $134.49. The stock has a market capitalization of $169.54 billion, a PE ratio of 34.70, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $153.02.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. TJX Companies’s revenue for the quarter 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. FY 2026 guidance at 4.630-4.660 EPS. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is 37.53%.

Analyst Upgrades and Downgrades

Several analysts recently commented on TJX shares. Barclays reaffirmed an “overweight” rating and set a $168.00 target price (up previously from $155.00) on shares of TJX Companies in a report on Thursday, November 20th. TD Cowen upped their target price on TJX Companies from $162.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Finally, UBS Group upped their price objective on TJX Companies from $172.00 to $181.00 and gave the company a “buy” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and an average target price of $158.90.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 535,143 shares in the company, valued at $79,634,629.83. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction 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 owned 22,212 shares in the company, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 54,863 shares of company stock valued at $8,226,366. Company insiders own 0.13% of the company’s stock.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.