Shorepoint Capital Partners LLC Invests $8.41 Million in The TJX Companies, Inc. $TJX

Shorepoint Capital Partners LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 58,172 shares of the apparel and home fashions retailer’s stock, valued at approximately $8,408,000. TJX Companies accounts for about 1.7% of Shorepoint Capital Partners LLC’s holdings, making the stock its 15th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of TJX Companies in the second quarter worth $1,808,774,000. Laurel Wealth Advisors LLC boosted its holdings in TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after purchasing an additional 4,024,859 shares during the period. Corient Private Wealth LLC increased its holdings in TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after purchasing an additional 2,743,676 shares during the period. ABN AMRO Bank N.V. purchased a new position in shares of TJX Companies in the 2nd quarter valued at about $244,687,000. Finally, Mirova US LLC grew its position in shares of TJX Companies by 164.5% during the second quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock worth $333,319,000 after buying an additional 1,678,665 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of TJX Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Jefferies Financial Group restated a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Tuesday, November 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a report on Thursday, December 4th. TD Cowen increased their price objective on TJX Companies from $162.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, BTIG Research restated a “buy” rating and set a $165.00 target price on shares of TJX Companies in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $161.10.

TJX Companies Stock Up 0.4%

TJX Companies stock opened at $156.78 on Tuesday. The company has a market capitalization of $174.10 billion, a P/E ratio of 34.61, a PEG ratio of 3.50 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $157.72. The stock has a 50-day simple moving average of $146.70 and a 200-day simple moving average of $136.76.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. 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. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $79,634,629.83. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 54,863 shares of company stock worth $8,226,366 in the last 90 days. 0.13% of the stock is currently owned by insiders.

TJX Companies Company Profile

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.