Madison Asset Management LLC Trims Holdings in The TJX Companies, Inc. $TJX

Madison Asset Management LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,739 shares of the apparel and home fashions retailer’s stock after selling 16,235 shares during the quarter. Madison Asset Management LLC’s holdings in TJX Companies were worth $69,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of TJX Companies during the second quarter valued at approximately $1,808,774,000. Laurel Wealth Advisors LLC increased its position in TJX Companies by 12,417.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after buying an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC increased its position in TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after buying an additional 2,743,676 shares in the last quarter. ABN AMRO Bank N.V. purchased a new position in TJX Companies during the second quarter valued at $244,687,000. Finally, Raymond James Financial Inc. boosted its holdings in TJX Companies by 26.3% in the second quarter. Raymond James Financial Inc. now owns 5,952,367 shares of the apparel and home fashions retailer’s stock worth $735,058,000 after acquiring an additional 1,238,124 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $153.34 on Wednesday. The firm has a fifty day simple moving average of $154.33 and a two-hundred day simple moving average of $145.32. The firm has a market cap of $170.28 billion, a PE ratio of 33.85, a P/E/G ratio of 2.99 and a beta of 0.74. 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 1-year low of $112.10 and a 1-year high of $159.48.

TJX Companies (NYSE:TJX) last released 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. The firm had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. 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 analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared 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. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s payout ratio is currently 37.53%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TJX. Telsey Advisory Group restated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a report on Thursday, December 4th. Citigroup reissued a “buy” rating and set a $168.00 price objective (up from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. The Goldman Sachs Group lifted their target price on shares of TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Bank of America increased their price target on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Barclays set a $172.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $163.86.

Insider Activity

In other news, Director Amy B. Lane sold 500 shares of the stock in a transaction that occurred 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 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 510,780 shares in the company, valued at approximately $77,286,121.80. The trade was a 4.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,863 shares of company stock valued at $8,226,366 in the last ninety days. Insiders own 0.13% of the company’s stock.

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.