Cyndeo Wealth Partners LLC Sells 32,618 Shares of The TJX Companies, Inc. $TJX

Cyndeo Wealth Partners LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 25.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 97,880 shares of the apparel and home fashions retailer’s stock after selling 32,618 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in TJX Companies were worth $14,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First American Bank boosted its holdings in TJX Companies by 4.5% in the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock valued at $17,145,000 after acquiring an additional 5,921 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of TJX Companies by 129.9% in the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after purchasing an additional 152,453 shares during the last quarter. MinichMacGregor Wealth Management LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at $5,045,000. Empowered Funds LLC increased its position in shares of TJX Companies by 66.6% during the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after buying an additional 30,779 shares during the period. Finally, Hendley & Co. Inc. raised its stake in TJX Companies by 75.0% during the second quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer’s stock worth $1,026,000 after buying an additional 3,560 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 535,143 shares in the company, 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 SEC, which is available at this link. Also, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 54,863 shares of company stock worth $8,226,366. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.2%

TJX stock opened at $154.58 on Friday. The stock’s 50 day simple moving average is $147.85 and its 200 day simple moving average is $137.39. The company has a market cap of $171.66 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 3.47 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 $157.82.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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 return on equity of 58.30% and a net margin of 8.68%.The firm had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’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, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 issued a dividend of $0.425 per share. 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 is presently 37.53%.

Analysts Set New Price Targets

A number of brokerages have commented on TJX. Evercore ISI upped their price target on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating and issued a $181.00 target price on shares of TJX Companies in a report on Thursday, December 4th. JPMorgan Chase & Co. increased their price target on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, Erste Group Bank assumed coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $161.50.

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.