Procyon Advisors LLC Reduces Stock Position in The TJX Companies, Inc. $TJX

Procyon Advisors LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 21.9% in the third quarter, Holdings Channel.com reports. The fund owned 31,477 shares of the apparel and home fashions retailer’s stock after selling 8,813 shares during the period. Procyon Advisors LLC’s holdings in TJX Companies were worth $4,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Lavaca Capital LLC bought a new stake in shares of TJX Companies during the second quarter valued at about $25,000. Princeton Global Asset Management LLC purchased a new position in TJX Companies during the second quarter valued at approximately $28,000. Highline Wealth Partners LLC increased its holdings in TJX Companies by 65.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock worth $33,000 after acquiring an additional 91 shares during the period. Howard Hughes Medical Institute purchased a new stake in TJX Companies in the 2nd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the 2nd quarter valued at $32,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TJX. Morgan Stanley reaffirmed an “overweight” rating and issued a $162.00 price target (up previously from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. TD Cowen boosted their target price on TJX Companies from $162.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a research note on Thursday, December 4th. Robert W. Baird set a $168.00 price target on TJX Companies in a research report on Wednesday, December 17th. Finally, The Goldman Sachs Group upped their price objective on shares of TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus target price of $163.86.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.40, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 24,363 shares of TJX Companies stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the transaction, the chief executive officer directly owned 510,780 shares in the company, valued at approximately $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,863 shares of company stock valued at $8,226,366. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 2.1%

TJX stock opened at $154.85 on Thursday. The company has a market capitalization of $171.95 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 3.32 and a beta of 0.75. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $159.48. The company’s 50 day moving average price is $152.54 and its two-hundred day moving average price is $141.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09.

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

TJX Companies Announces Dividend

The business 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 $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 payout ratio is presently 37.53%.

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.