Virtus Investment Advisers LLC Has $1.35 Million Stock Position in The TJX Companies, Inc. $TJX

by · The Cerbat Gem

Virtus Investment Advisers LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,950 shares of the apparel and home fashions retailer’s stock after selling 479 shares during the quarter. Virtus Investment Advisers LLC’s holdings in TJX Companies were worth $1,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TJX. Vanguard Group Inc. grew its position in TJX Companies by 0.7% in the second quarter. Vanguard Group Inc. now owns 101,141,056 shares of the apparel and home fashions retailer’s stock valued at $12,489,909,000 after acquiring an additional 727,292 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock valued at $3,205,927,000 after acquiring an additional 301,127 shares during the period. Norges Bank bought a new position in shares of TJX Companies during the second quarter valued at $1,808,774,000. Ameriprise Financial Inc. boosted its stake in shares of TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock valued at $1,591,758,000 after purchasing an additional 35,800 shares in the last quarter. Finally, Amundi grew its holdings in shares of TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the transaction, the director owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the sale, the chief executive officer owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,863 shares of company stock worth $8,226,366 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of several analyst reports. Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. BTIG Research reiterated a “buy” rating and issued a $165.00 target price on shares of TJX Companies in a research note on Thursday, November 20th. Sanford C. Bernstein boosted their target price on TJX Companies from $152.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Bank of America raised their price target on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus price target of $158.90.

Check Out Our Latest Stock Report on TJX

TJX Companies Trading Down 0.4%

Shares of NYSE TJX opened at $152.45 on Friday. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $154.66. The company has a 50-day moving average of $144.25 and a two-hundred day moving average of $134.90. The company has a market cap of $169.67 billion, a PE ratio of 34.73, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. TJX Companies’s revenue was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS. FY 2026 guidance at 4.630-4.660 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s payout ratio is presently 37.53%.

TJX Companies Company Profile

(Free Report)

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.

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