Crossmark Global Holdings Inc. Has $32.39 Million Holdings in The TJX Companies, Inc. $TJX

Key Points

• Crossmark Global trimmed its stake in The TJX Companies by 14.7% in Q3, leaving it with 224,081 shares valued at approximately $32.39 million.
• TJX beat Q4 estimates with EPS of $1.43 versus $1.38 expected and revenue of $17.74 billion (up 8.5% YoY), and it set FY2027 guidance of $4.93–$5.02 EPS.
• Analysts maintain a consensus "Buy" rating with an average price target of $167.55, while institutional ownership is high (≈91.1%) and several large funds (including Norges Bank and Raymond James) have recently built or increased positions.

Crossmark Global Holdings Inc. trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,081 shares of the apparel and home fashions retailer's stock after selling 38,532 shares during the period. Crossmark Global Holdings Inc.'s holdings in TJX Companies were worth $32,389,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Norges Bank bought a new position in TJX Companies in the 2nd quarter worth approximately $1,808,774,000. Laurel Wealth Advisors LLC increased its stake in shares of TJX Companies by 12,417.0% in 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 during the period. Corient Private Wealth LLC raised its position in shares of TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock worth $620,406,000 after acquiring an additional 2,743,676 shares during the last quarter. ABN AMRO Bank N.V. acquired a new position in shares of 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 valued at $735,058,000 after acquiring an additional 1,238,124 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on TJX shares. UBS Group reissued a "buy" rating on shares of TJX Companies in a report on Wednesday. BTIG Research reissued a "buy" rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a report on Thursday, January 8th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 target price on shares of TJX Companies in a report on Tuesday, January 6th. Finally, Wall Street Zen downgraded TJX Companies from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $167.55.

TJX Companies Price Performance

Shares of TJX stock opened at $161.66 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $162.68. The firm has a fifty day moving average of $155.16 and a 200-day moving average of $148.28. The firm has a market capitalization of $179.52 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The company's revenue for the quarter was up 8.5% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors 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 yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies's dividend payout ratio is presently 34.84%.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the sale, the chief executive officer owned 479,316 shares of the company's stock, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.

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