Bessemer Group Inc. Lowers Holdings in The TJX Companies, Inc. $TJX

Bessemer Group Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,489 shares of the apparel and home fashions retailer’s stock after selling 5,358 shares during the period. Bessemer Group Inc.’s holdings in TJX Companies were worth $9,757,000 as of its most recent SEC filing.

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

TJX Companies Trading Up 0.3%

NYSE:TJX opened at $155.86 on Friday. The stock has a market cap of $173.08 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.97 and a beta of 0.74. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $159.48. 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 business’s 50-day simple moving average is $154.16 and its 200 day simple moving average is $144.66.

TJX Companies (NYSE:TJX) last issued 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. 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 analyst estimates of $14.80 billion. During the same quarter last year, the firm earned $1.14 EPS. TJX Companies’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. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s dividend payout ratio is currently 37.53%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the transaction, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at $79,634,629.83. This trade represents a 5.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the sale, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,863 shares of company stock worth $8,226,366 over the last quarter. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on TJX. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 price objective (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Morgan Stanley reissued an “overweight” rating and issued a $162.00 target price (up previously from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $163.86.

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.