TJX Companies stock: Smith Group cuts stake as valuation stays in focus

Published on 10/29/2026 at 17:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TJX Companies stock is back in focus after Smith Group disclosed a smaller position. Investors are also weighing a richer valuation against retail peers.

What matters for TJX investors

Smith Group Asset Management reduced its TJX holding by 38.5 percent during the third quarter.
MarketBeat reported that institutional investors and hedge funds own 91.09 percent of the shares.
Simply Wall St highlighted a valuation gap between TJX's earnings multiple and specialty-retail peers.

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The TJX Companies returned to focus on October 29, 2026, after Smith Group Asset Management disclosed a substantial reduction in its position during the third quarter. MarketBeat reported that the investment manager sold 109,426 shares and retained 174,901 shares.

A disclosed portfolio reduction

The filing placed the remaining holding at USD 23.141 million at the end of the reporting period. MarketBeat also reported that institutional investors and hedge funds controlled 91.09 percent of TJX shares. The disclosure describes a portfolio change by one investor; it does not establish why the position was reduced or indicate a company decision.

Valuation remains the wider question

A separate Simply Wall St analysis published on October 29 linked the current debate to TJX's leadership transition and valuation. It described a planned retirement for Senior Executive Vice President and Group President Kenneth Canestrari and contrasted TJX's 25.1 times earnings multiple with a 19.3 times fair ratio and a 16.9 times peer average. The analysis also cited a narrative fair value of USD 169.80, while noting execution risks at Marmaxx and pressure from fuel and freight costs.

Quote and upcoming results

At Lang & Schwarz, TJX Companies traded at EUR 126.25 on October 29, 2026, at 16:39:39 CEST. That was EUR 126.75 in the latest relevant own report on October 27, a move of -0.39 percent, so the price change itself is not the reason for this second main-values publication. The next fiscal third-quarter results are scheduled for November 18, 2026, before the market opens.

The real-time quote of TJX Companies stock provides the latest available trading reference.