The TJX Companies, Inc. $TJX Shares Sold by Assetmark Inc.

Key Points

• Assetmark Inc. decreased its TJX stake by 17.7% in Q4, selling 38,232 shares and leaving 178,298 shares valued at about $27.39 million.
• CEO Ernie Herrman sold 30,000 TJX shares on March 2 at an average $160.95 (≈$4.83 million), a 5.89% reduction in his holding; company insiders now own just 0.13% of the stock.
• TJX beat Q4 estimates with $1.43 EPS vs. $1.38 expected and revenue of $17.74B (up 8.5% YoY), provided FY2027 EPS guidance of $4.93–5.02, and raised the quarterly dividend to $0.48 (annual $1.92, ~1.2% yield).

Assetmark Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,298 shares of the apparel and home fashions retailer's stock after selling 38,232 shares during the quarter. Assetmark Inc.'s holdings in TJX Companies were worth $27,388,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in TJX Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer's stock valued at $14,737,557,000 after acquiring an additional 820,730 shares in the last quarter. Capital International Investors raised its holdings in TJX Companies by 4.2% in the third quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer's stock valued at $2,266,066,000 after acquiring an additional 630,574 shares in the last quarter. Ameriprise Financial Inc. increased its stake in TJX Companies by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer's stock valued at $1,939,435,000 after purchasing an additional 392,097 shares during the last quarter. Amundi increased its stake in TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock valued at $1,391,822,000 after purchasing an additional 1,761,281 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in TJX Companies by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer's stock valued at $1,155,830,000 after purchasing an additional 420,232 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $160.34 on Thursday. The firm's fifty day moving average price is $157.83 and its 200 day moving average price is $152.43. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The firm has a market cap of $177.47 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 3.69 and a beta of 0.73.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period last year, the firm posted $1.23 EPS. TJX Companies's quarterly revenue 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, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.48 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies's payout ratio is 34.84%.

Analyst Ratings Changes

Several equities analysts have commented on TJX shares. Telsey Advisory Group increased their price target on shares of TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. Weiss Ratings upgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft set a $184.00 price target on shares of TJX Companies in a research note on Thursday, January 8th. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a research note on Wednesday, December 17th. Finally, BTIG Research reiterated a "buy" rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus target price of $167.55.

About TJX Companies

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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