Cresset Asset Management LLC Sells 24,861 Shares of The TJX Companies, Inc. $TJX

Key Points

• Cresset Asset Management LLC has reduced its stake in TJX Companies by 13.9%, owning 153,833 shares valued at approximately $18.74 million as of the latest SEC filing.
• Analysts have given TJX Companies a consensus rating of "Buy" with a price target averaging around $141.33, indicating positive future expectations.
• The company announced a quarterly dividend of $0.425 per share, reflecting an annualized yield of 1.3% and a payout ratio of 40%.

Cresset Asset Management LLC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,833 shares of the apparel and home fashions retailer's stock after selling 24,861 shares during the quarter. Cresset Asset Management LLC's holdings in TJX Companies were worth $18,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TCTC Holdings LLC increased its position in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted its stake in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new position in TJX Companies during the 1st quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC raised its stake in TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $1.37 on Tuesday, hitting $134.43. The stock had a trading volume of 6,721,612 shares, compared to its average volume of 4,822,886. The company has a market capitalization of $150.17 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 3.10 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The firm's 50 day moving average price is $126.21 and its 200-day moving average price is $125.23. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. On average, equities research analysts predict 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, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TJX shares. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. UBS Group reissued a "buy" rating and issued a $164.00 price target (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $141.33.

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.