FourThought Financial Partners LLC Trims Position in The TJX Companies, Inc. $TJX

by · The Cerbat Gem

FourThought Financial Partners LLC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,073 shares of the apparel and home fashions retailer’s stock after selling 338 shares during the period. FourThought Financial Partners LLC’s holdings in TJX Companies were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. SlateStone Wealth LLC boosted its holdings in shares of TJX Companies by 2.7% in the second quarter. SlateStone Wealth LLC now owns 55,078 shares of the apparel and home fashions retailer’s stock valued at $6,802,000 after purchasing an additional 1,444 shares during the period. Elo Mutual Pension Insurance Co increased its holdings in TJX Companies by 12.3% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 102,642 shares of the apparel and home fashions retailer’s stock worth $12,675,000 after purchasing an additional 11,213 shares during the period. Columbia Bank raised its position in TJX Companies by 17.0% during the 2nd quarter. Columbia Bank now owns 3,115 shares of the apparel and home fashions retailer’s stock valued at $390,000 after purchasing an additional 452 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of TJX Companies by 12,417.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after buying an additional 4,024,859 shares during the period. Finally, RiverFront Investment Group LLC bought a new position in shares of TJX Companies during the 2nd quarter worth $277,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 2.3%

TJX Companies stock opened at $152.34 on Wednesday. The stock has a 50-day moving average of $143.46 and a two-hundred day moving average of $134.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $153.02. The stock has a market cap of $169.54 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

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

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid 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 yield of 1.1%. TJX Companies’s dividend payout ratio is presently 37.53%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TJX shares. Bank of America upped their price objective on shares of TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $145.00 price target (up previously from $140.00) on shares of TJX Companies in a research report on Thursday, November 20th. Robert W. Baird set a $160.00 price objective on shares of TJX Companies and gave the company an “outperform” rating in a research note on Thursday, November 20th. Citigroup reiterated a “buy” rating and issued a $168.00 target price (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, Barclays restated an “overweight” rating and issued a $168.00 price target (up from $155.00) on shares of TJX Companies in a report on Thursday, November 20th. One 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 company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and an average target price of $158.90.

View Our Latest Research Report on TJX Companies

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the transaction, the chief executive officer owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the sale, the director directly 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 54,863 shares of company stock valued at $8,226,366. Corporate insiders own 0.13% of the company’s stock.

About TJX Companies

(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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