Sumitomo Mitsui DS Asset Management Company Ltd Purchases 68,604 Shares of The TJX Companies, Inc. $TJX

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 259,388 shares of the apparel and home fashions retailer’s stock after purchasing an additional 68,604 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TJX Companies were worth $37,492,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TJX. First American Bank boosted its holdings in shares of TJX Companies by 4.5% during the 2nd 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 raised its holdings in shares of TJX Companies by 129.9% during the second 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 position in TJX Companies during the second quarter valued at approximately $5,045,000. Empowered Funds LLC boosted its holdings in TJX Companies by 66.6% in 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 purchasing an additional 30,779 shares during the last quarter. Finally, Hendley & Co. Inc. boosted its holdings in TJX Companies by 75.0% in 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 purchasing an additional 3,560 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE:TJX opened at $157.88 on Friday. 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 stock has a 50-day simple moving average of $151.67 and a two-hundred day simple moving average of $140.56. The firm has a market capitalization of $175.32 billion, a PE ratio of 34.85, a P/E/G ratio of 3.55 and a beta of 0.75. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. 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. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio is presently 37.53%.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 30,000 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane sold 500 shares of TJX Companies 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 transaction, the director owned 22,212 shares in the company, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 54,863 shares of company stock valued at $8,226,366. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of research reports. TD Cowen boosted their target price on shares of TJX Companies from $162.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a report on Thursday, December 4th. Wells Fargo & Company reissued a “positive” rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Finally, Citigroup restated a “buy” rating and set a $168.00 price target (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $163.86.

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.