Pinnacle Financial Partners Inc Lowers Holdings in The TJX Companies, Inc. $TJX

Pinnacle Financial Partners Inc lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 43.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,707 shares of the apparel and home fashions retailer’s stock after selling 168,367 shares during the quarter. TJX Companies comprises about 0.8% of Pinnacle Financial Partners Inc’s holdings, making the stock its 29th largest position. Pinnacle Financial Partners Inc’s holdings in TJX Companies were worth $31,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TJX. Vanguard Group Inc. increased its position in TJX Companies by 0.7% during the second quarter. Vanguard Group Inc. now owns 101,141,056 shares of the apparel and home fashions retailer’s stock worth $12,489,909,000 after purchasing an additional 727,292 shares during the last quarter. State Street Corp boosted its holdings in shares of TJX Companies by 0.6% in the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after purchasing an additional 285,737 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of TJX Companies by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock valued at $3,205,927,000 after buying an additional 301,127 shares during the period. Norges Bank acquired a new stake in shares of TJX Companies during the 2nd quarter worth $1,808,774,000. Finally, Invesco Ltd. increased its holdings in shares of TJX Companies by 0.9% during the 2nd quarter. Invesco Ltd. now owns 9,081,087 shares of the apparel and home fashions retailer’s stock worth $1,121,423,000 after buying an additional 80,487 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research analyst reports. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Bank of America lifted their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Barclays set a $172.00 target price on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, December 4th. Wells Fargo & Company restated a “positive” rating and issued a $150.00 price target (up previously from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Finally, Cowen reiterated a “buy” rating 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 assigned a Buy rating to the company. According to data from MarketBeat.com, TJX Companies has an average rating of “Buy” and an average price target of $163.86.

TJX Companies Stock Up 0.9%

Shares of NYSE:TJX opened at $157.50 on Friday. The company has a market capitalization of $174.90 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 3.28 and a beta of 0.75. The company has a 50 day moving average of $153.05 and a two-hundred day moving average of $141.72. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

TJX Companies (NYSE:TJX) last posted 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 business 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 business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period 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. As a group, analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 510,780 shares in the company, valued at $77,286,121.80. This trade represents a 4.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of TJX Companies 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 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 54,863 shares of company stock worth $8,226,366. Corporate insiders own 0.13% of the company’s stock.

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.