Public Sector Pension Investment Board Sells 68,203 Shares of The TJX Companies, Inc. $TJX

Public Sector Pension Investment Board decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 893,420 shares of the apparel and home fashions retailer’s stock after selling 68,203 shares during the quarter. Public Sector Pension Investment Board owned 0.08% of TJX Companies worth $110,328,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lavaca Capital LLC bought a new position in TJX Companies during the second quarter valued at approximately $25,000. Princeton Global Asset Management LLC purchased a new stake in TJX Companies during the 2nd quarter valued at $28,000. Howard Hughes Medical Institute bought a new position in shares of TJX Companies during the 2nd quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth $32,000. Finally, True Wealth Design LLC grew 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 worth $34,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. Sanford C. Bernstein increased their target price on TJX Companies from $152.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. 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. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Finally, Bank of America lifted their price target on shares of TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and an average target price of $161.10.

Insider Activity at TJX Companies

In other TJX Companies 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 transaction of $4,464,300.00. Following the completion of the sale, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at $79,634,629.83. This trade represents a 5.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the transaction, the director directly 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. Insiders sold a total of 54,863 shares of company stock valued at $8,226,366 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Price Performance

NYSE TJX opened at $156.10 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 12 month low of $112.10 and a 12 month high of $157.72. The stock has a market cap of $173.34 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 3.50 and a beta of 0.76. The company’s 50 day moving average is $146.43 and its two-hundred day moving average is $136.48.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 firm had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $14.80 billion. During the same period in the prior year, the company posted $1.14 earnings per share. The company’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 and its FY 2026 guidance at 4.630-4.660 EPS. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s payout ratio is currently 37.53%.

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.