The TJX Companies, Inc. $TJX Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,691,273 shares of the apparel and home fashions retailer’s stock after selling 329,820 shares during the quarter. Legal & General Group Plc’s holdings in TJX Companies were worth $702,815,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TJX. TCTC Holdings LLC increased its holdings in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in TJX Companies during the second quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the second quarter valued at about $32,000. True Wealth Design LLC increased its holdings in 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 buying an additional 149 shares in the last quarter. Finally, Activest Wealth Management lifted its position in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after acquiring an additional 314 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TJX shares. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 target price on shares of TJX Companies in a report on Tuesday, November 11th. TD Cowen raised their price target on TJX Companies from $162.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company reiterated a “market perform” rating and issued a $145.00 price objective (up from $140.00) on shares of TJX Companies in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus target price of $158.90.

TJX Companies Price Performance

TJX Companies stock opened at $148.20 on Friday. The firm’s 50-day moving average is $142.81 and its two-hundred day moving average is $133.94. 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 stock has a market capitalization of $164.94 billion, a P/E ratio of 33.76, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $151.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping 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 company had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the prior year, the company posted $1.14 EPS. The business’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. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued 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, November 13th. TJX Companies’s payout ratio is presently 38.72%.

TJX Companies Profile

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.