Picton Mahoney Asset Management Purchases 10,201 Shares of The TJX Companies, Inc. $TJX

Picton Mahoney Asset Management increased its position in The TJX Companies, Inc. (NYSE:TJX) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 192,952 shares of the apparel and home fashions retailer’s stock after acquiring an additional 10,201 shares during the quarter. Picton Mahoney Asset Management’s holdings in TJX Companies were worth $23,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TJX. TCTC Holdings LLC boosted its position in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of TJX Companies in the 2nd quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the 2nd quarter worth approximately $32,000. True Wealth Design LLC boosted its holdings in shares of TJX Companies by 121.1% in the second quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 149 shares during the last quarter. Finally, Activest Wealth Management grew its position in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after buying an additional 314 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 500 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 24,363 shares of the business’s 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 sale, the chief executive officer owned 510,780 shares in the company, valued at $77,286,121.80. This represents a 4.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,863 shares of company stock worth $8,226,366 over the last ninety days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TJX. Cowen reiterated a “buy” rating on shares of TJX Companies in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. Macquarie reissued a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price target (up previously from $155.00) on shares of TJX Companies in a report on Wednesday, November 19th. Finally, Bank of America raised their price objective on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $158.90.

TJX Companies Trading Up 2.3%

Shares of TJX opened at $151.46 on Monday. The firm has a market cap of $168.57 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $152.58. The company has a 50 day simple moving average of $143.04 and a two-hundred day simple moving average of $134.17.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS. FY 2026 guidance at 4.630-4.660 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.

About TJX Companies

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.