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

Key Points

• Northstar Asset Management Inc. reduced its stake in The TJX Companies by 3.8%, now holding 118,577 shares, which represent 4.3% of its portfolio.
• TJX Companies reported $13.11 billion in revenue for the last quarter, exceeding estimates, and earnings per share of $0.92.
• The company declared a quarterly dividend of $0.425 per share, with a dividend yield of 1.3%.

Northstar Asset Management Inc. reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,577 shares of the apparel and home fashions retailer's stock after selling 4,645 shares during the period. TJX Companies comprises about 4.3% of Northstar Asset Management Inc.'s holdings, making the stock its 8th largest position. Northstar Asset Management Inc.'s holdings in TJX Companies were worth $14,443,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. increased its position in TJX Companies by 4.0% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 86,986 shares of the apparel and home fashions retailer's stock worth $10,593,000 after purchasing an additional 3,313 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in TJX Companies by 6.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 178,482 shares of the apparel and home fashions retailer's stock worth $21,739,000 after purchasing an additional 10,980 shares during the last quarter. Knuff & Co LLC boosted its stake in shares of TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after acquiring an additional 83 shares in the last quarter. Boston Family Office LLC boosted its stake in shares of TJX Companies by 9.4% during the 1st quarter. Boston Family Office LLC now owns 49,831 shares of the apparel and home fashions retailer's stock worth $6,069,000 after acquiring an additional 4,273 shares in the last quarter. Finally, United Capital Management of KS Inc. boosted its stake in shares of TJX Companies by 2.9% during the 1st quarter. United Capital Management of KS Inc. now owns 52,237 shares of the apparel and home fashions retailer's stock worth $6,363,000 after acquiring an additional 1,475 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE:TJX traded up $1.37 during mid-day trading on Tuesday, hitting $134.43. 6,721,612 shares of the company's stock traded hands, compared to its average volume of 4,822,886. The firm has a 50 day moving average of $126.21 and a two-hundred day moving average of $125.23. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $135.85. The firm 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 current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. 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 analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TJX. JPMorgan Chase & Co. upped their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, TD Securities upped their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. One investment 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's stock. According to MarketBeat, TJX Companies presently 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.