Crossmark Global Holdings Inc. Sells 38,532 Shares of The TJX Companies, Inc. $TJX

Crossmark Global Holdings Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,081 shares of the apparel and home fashions retailer’s stock after selling 38,532 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TJX Companies were worth $32,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC increased its position in shares of TJX Companies by 4.9% in the third quarter. Orion Porfolio Solutions LLC now owns 84,589 shares of the apparel and home fashions retailer’s stock valued at $12,226,000 after acquiring an additional 3,913 shares during the last quarter. KCM Investment Advisors LLC increased its stake in shares of TJX Companies by 43.6% during the 3rd quarter. KCM Investment Advisors LLC now owns 7,498 shares of the apparel and home fashions retailer’s stock worth $1,084,000 after purchasing an additional 2,276 shares during the last quarter. Advisory Alpha LLC raised its holdings in shares of TJX Companies by 14.5% in the 3rd quarter. Advisory Alpha LLC now owns 7,636 shares of the apparel and home fashions retailer’s stock valued at $1,088,000 after purchasing an additional 967 shares during the period. MKP Capital Management L.L.C. acquired a new stake in TJX Companies in the 3rd quarter valued at about $86,724,000. Finally, American Wealth Advisors LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $520,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TJX. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Evercore boosted their target price on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group increased their price objective on shares of TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $167.55.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.2%

TJX stock opened at $161.66 on Thursday. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $162.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The stock has a market capitalization of $179.52 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 3.68 and a beta of 0.73. The business’s fifty day moving average price is $155.16 and its two-hundred day moving average price is $148.28.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the prior year, the company posted $1.23 earnings per share. TJX Companies’s revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders 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 payout ratio is presently 34.84%.

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.