Northern Trust Corp Has $1.69 Billion Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Northern Trust Corp reduced its stake in The TJX Companies by 0.6%, holding about 1.24% of the company worth approximately $1.69 billion after selling 82,090 shares.
• Several other institutional investors increased their stakes in TJX Companies, with Shell Asset Management growing its position by 16.5% and Ethic Inc. by 21.1% in the last quarter.
• Research analysts are optimistic about TJX's performance, with the stock receiving primarily buy ratings and an average target price of $141.33.

Northern Trust Corp lowered its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,903,736 shares of the apparel and home fashions retailer's stock after selling 82,090 shares during the period. Northern Trust Corp owned approximately 1.24% of TJX Companies worth $1,693,475,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TJX. Clear Creek Financial Management LLC grew its stake in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after purchasing an additional 83 shares during the last quarter. Knuff & Co LLC grew its stake in shares of TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after purchasing an additional 83 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after purchasing an additional 86 shares during the last quarter. Financial Network Wealth Advisors LLC grew its stake in shares of TJX Companies by 7.8% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock valued at $147,000 after purchasing an additional 87 shares during the last quarter. Finally, Amplius Wealth Advisors LLC grew its stake in shares of TJX Companies by 4.2% during the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

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 dated Tuesday, June 3rd. The shares were 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 of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TJX shares. Sanford C. Bernstein increased their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Robert W. Baird increased their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday. Bank of America increased their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Down 0.8%

Shares of TJX stock traded down $1.1310 during trading hours on Friday, hitting $136.3790. 5,774,017 shares of the company were exchanged, compared to its average volume of 5,366,029. The business has a 50 day moving average of $126.74 and a two-hundred day moving average of $125.40. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The company has a market capitalization of $152.35 billion, a PE ratio of 31.07, a PEG ratio of 3.18 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The firm's revenue 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. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is currently 40.00%.

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.