Thurston Springer Miller Herd & Titak Inc. Sells 8,841 Shares of The TJX Companies, Inc. $TJX

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 92.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 738 shares of the apparel and home fashions retailer’s stock after selling 8,841 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in TJX Companies were worth $107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in TJX Companies during the second quarter valued at $1,808,774,000. Laurel Wealth Advisors LLC increased its holdings in shares of TJX Companies by 12,417.0% during the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after acquiring an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. ABN AMRO Bank N.V. purchased a new position in shares of TJX Companies in the 2nd quarter worth about $244,687,000. Finally, Mirova US LLC boosted its stake in TJX Companies by 164.5% in the 2nd quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock worth $333,319,000 after purchasing an additional 1,678,665 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $148.81, for a total value of $4,464,300.00. Following the transaction, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were 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 of the company’s stock, valued at approximately $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TJX. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Wells Fargo & Company reissued a “positive” rating and set a $150.00 price target (up previously from $145.00) on shares of TJX Companies in a research report on Tuesday. Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $152.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Robert W. Baird set a $168.00 target price on TJX Companies in a research note on Wednesday. Finally, Bank of America lifted their target price on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the company. Based on data from MarketBeat, TJX Companies currently has an average rating of “Buy” and an average price target of $161.50.

TJX Companies Stock Up 0.3%

TJX opened at $155.56 on Thursday. The stock has a market capitalization of $172.75 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 3.47 and a beta of 0.76. The firm has a 50 day moving average price of $147.24 and a 200-day moving average price of $137.09. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $157.82. 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 during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.