The TJX Companies, Inc. $TJX Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 66.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,762,327 shares of the apparel and home fashions retailer’s stock after selling 3,493,974 shares during the period. Jennison Associates LLC owned 0.16% of TJX Companies worth $254,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westfuller Advisors LLC grew its stake in TJX Companies by 37.5% during the 3rd quarter. Westfuller Advisors LLC now owns 2,395 shares of the apparel and home fashions retailer’s stock valued at $346,000 after purchasing an additional 653 shares during the last quarter. Delta Financial Advisors LLC raised its stake in shares of TJX Companies by 0.5% in the third quarter. Delta Financial Advisors LLC now owns 61,959 shares of the apparel and home fashions retailer’s stock worth $8,956,000 after purchasing an additional 285 shares during the last quarter. JLB & Associates Inc. lifted its holdings in shares of TJX Companies by 0.3% during the third quarter. JLB & Associates Inc. now owns 228,839 shares of the apparel and home fashions retailer’s stock worth $33,076,000 after purchasing an additional 659 shares during the period. Rossmore Private Capital boosted its position in TJX Companies by 3.6% in the third quarter. Rossmore Private Capital now owns 16,846 shares of the apparel and home fashions retailer’s stock valued at $2,435,000 after buying an additional 580 shares during the last quarter. Finally, Investment Management Corp VA ADV boosted its position in TJX Companies by 2.4% in the third quarter. Investment Management Corp VA ADV now owns 4,476 shares of the apparel and home fashions retailer’s stock valued at $647,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. Morgan Stanley restated an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. BTIG Research restated a “buy” rating and set a $165.00 target price on shares of TJX Companies in a research report on Thursday, November 20th. The Goldman Sachs Group increased their price target on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Thursday, December 4th. Finally, Robert W. Baird set a $168.00 target price on TJX Companies in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $163.86.

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 shares were sold at an average price of $148.81, for a total transaction 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 approximately $79,634,629.83. This 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 hyperlink. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction 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 directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 54,863 shares of company stock valued at $8,226,366. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.2%

TJX opened at $153.17 on Friday. The company has a fifty day moving average of $153.91 and a two-hundred day moving average of $142.75. The stock has a market capitalization of $170.09 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 3.22 and a beta of 0.75. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $159.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09.

TJX Companies (NYSE:TJX) last posted its 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 58.30% and a net margin of 8.68%.The firm had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. During the same period last year, the firm earned $1.14 EPS. The company’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, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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