1832 Asset Management L.P. Lowers Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• 1832 Asset Management L.P. reduced its stake in The TJX Companies by 7.0%, now owning 5,032,892 shares worth approximately $613 million, making it the fund's 23rd largest holding.
• Several analysts have issued positive ratings for TJX Companies, with Telsey Advisory Group raising the price target to $155 and maintaining an "outperform" rating, while Citigroup updated its target to $160.
• The company has announced a quarterly dividend of $0.425 to be paid on September 4th, representing an annualized dividend yield of 1.2% and a payout ratio of 40%.

1832 Asset Management L.P. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,032,892 shares of the apparel and home fashions retailer's stock after selling 378,978 shares during the period. TJX Companies comprises about 0.6% of 1832 Asset Management L.P.'s holdings, making the stock its 23rd largest holding. 1832 Asset Management L.P. owned approximately 0.45% of TJX Companies worth $613,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TJX. Shell Asset Management Co. boosted its stake in shares of TJX Companies by 16.5% in the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after purchasing an additional 4,128 shares in the last quarter. Pathstone Holdings LLC boosted its position in TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after buying an additional 67,853 shares during the period. Ethic Inc. grew its stake in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after buying an additional 29,158 shares during the last quarter. Fiduciary Trust Co increased its holdings in shares of TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after buying an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of TJX Companies by 2.2% in the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after acquiring an additional 8,319 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 0.8%

NYSE TJX traded down $1.1310 during trading on Friday, hitting $136.3790. The company had a trading volume of 5,774,585 shares, compared to its average volume of 5,536,022. The company's fifty day moving average is $127.00 and its 200-day moving average is $125.48. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The company has a market cap of $152.35 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is 38.72%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday. Sanford C. Bernstein lifted their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company upped their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday. Morgan Stanley raised their price target on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Evercore ISI boosted their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $147.58.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

TJX Companies Company 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.