Whittier Trust Co. of Nevada Inc. Lowers Position in The TJX Companies, Inc. $TJX
by Renee Jackson · The Cerbat GemWhittier Trust Co. of Nevada Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 246,749 shares of the apparel and home fashions retailer’s stock after selling 4,929 shares during the period. TJX Companies accounts for about 0.7% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its 27th biggest position. Whittier Trust Co. of Nevada Inc.’s holdings in TJX Companies were worth $34,873,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Lavaca Capital LLC purchased a new position in TJX Companies during the second quarter worth about $25,000. Princeton Global Asset Management LLC purchased a new stake in TJX Companies in the 2nd quarter valued at about $28,000. Howard Hughes Medical Institute bought a new position in shares of TJX Companies during the 2nd quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth approximately $32,000. Finally, Capital A Wealth Management LLC grew its holdings in shares of TJX Companies by 776.7% in the second quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock valued at $32,000 after acquiring an additional 233 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.
Analyst Ratings Changes
Several research analysts have weighed in on TJX shares. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, November 11th. UBS Group restated a “buy” rating and set a $193.00 price target (up previously from $181.00) on shares of TJX Companies in a research report on Thursday, January 8th. Robert W. Baird set a $168.00 price objective on shares of TJX Companies in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company restated a “positive” rating and set a $150.00 price target (up previously from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $163.86.
Read Our Latest Stock Report on TJX
Insider Transactions at TJX Companies
In other news, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was 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 represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the sale, the chief executive officer directly owned 535,143 shares in the company, valued at approximately $79,634,629.83. The trade was a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,863 shares of company stock valued at $8,226,366 in the last ninety days. Insiders own 0.13% of the company’s stock.
TJX Companies Stock Performance
Shares of TJX stock opened at $153.17 on Friday. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $159.48. The stock has a market capitalization of $170.09 billion, a P/E ratio of 33.81, a PEG ratio of 3.21 and a beta of 0.75. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $153.91 and its 200 day moving average is $142.87.
TJX Companies (NYSE:TJX – Get Free Report) last posted its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. The business’s quarterly 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 and its FY 2026 guidance at 4.630-4.660 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.
TJX Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be paid a $0.425 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.
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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