The TJX Companies, Inc. $TJX Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,093,372 shares of the apparel and home fashions retailer’s stock after selling 16,322 shares during the quarter. Russell Investments Group Ltd. owned 0.19% of TJX Companies worth $302,283,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its holdings in shares of TJX Companies by 3.0% in the 3rd quarter. Schroder Investment Management Group now owns 3,587,495 shares of the apparel and home fashions retailer’s stock valued at $518,537,000 after buying an additional 103,332 shares during the period. Private Advisor Group LLC raised its stake in TJX Companies by 0.5% during the third quarter. Private Advisor Group LLC now owns 112,407 shares of the apparel and home fashions retailer’s stock worth $16,247,000 after acquiring an additional 589 shares during the period. ProVise Management Group LLC bought a new position in TJX Companies in the third quarter worth about $205,000. Rathbones Group PLC lifted its holdings in TJX Companies by 2.0% in the third quarter. Rathbones Group PLC now owns 1,020,903 shares of the apparel and home fashions retailer’s stock worth $147,561,000 after acquiring an additional 19,795 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its stake in TJX Companies by 19.2% in the third quarter. Vinva Investment Management Ltd now owns 90,357 shares of the apparel and home fashions retailer’s stock valued at $12,968,000 after acquiring an additional 14,560 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BTIG Research reaffirmed a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Telsey Advisory Group raised their price target on TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research report on Thursday, January 8th. UBS Group restated a “buy” rating on shares of TJX Companies in a research note on Wednesday. Finally, Bank of America increased their target price on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $167.55.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $159.61 on Monday. The firm’s 50 day moving average is $155.30 and its two-hundred day moving average is $148.72. The firm has a market capitalization of $177.24 billion, a P/E ratio of 32.71, a PEG ratio of 3.67 and a beta of 0.73. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $162.68.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) 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 business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The business’s 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. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th were given 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 was Thursday, February 12th. TJX Companies’s payout ratio is 34.84%.

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.