The TJX Companies, Inc. $TJX Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in The TJX Companies by 22.1%, selling 23,943 shares during the first quarter, leaving them with 84,192 shares valued at approximately $10.25 million.
• The TJX Companies reported a quarterly earnings beat with $1.10 EPS, exceeding analyst expectations, alongside revenues of $14.40 billion, which were also above estimates.
• A quarterly dividend of $0.425 will be paid on September 4th, providing investors with a 1.2% yield based on an annualized rate of $1.70.

Rafferty Asset Management LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 22.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,192 shares of the apparel and home fashions retailer's stock after selling 23,943 shares during the quarter. Rafferty Asset Management LLC's holdings in TJX Companies were worth $10,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after buying an additional 1,099,129 shares during the period. Ameriprise Financial Inc. increased its stake in TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock worth $1,591,758,000 after buying an additional 35,800 shares during the period. Royal Bank of Canada increased its stake in TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after buying an additional 1,403,561 shares during the period. Nuveen LLC purchased a new stake in TJX Companies during the 1st quarter worth $1,330,717,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in TJX Companies by 10.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer's stock worth $1,230,791,000 after buying an additional 1,005,260 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In related 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 completion of the sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.49 during trading on Friday, reaching $136.63. 4,116,829 shares of the company's stock traded hands, compared to its average volume of 5,607,160. 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 TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The company has a 50 day moving average of $128.35 and a 200-day moving average of $125.88. The stock has a market capitalization of $152.63 billion, a P/E ratio of 31.12, 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 quarterly earnings data 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 business 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 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, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Sanford C. Bernstein boosted their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. One equities 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 company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $147.58.

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.