New Age Alpha Advisors LLC Sells 5,813 Shares of The TJX Companies, Inc. $TJX

New Age Alpha Advisors LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,150 shares of the apparel and home fashions retailer’s stock after selling 5,813 shares during the quarter. New Age Alpha Advisors LLC’s holdings in TJX Companies were worth $4,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Allen Capital Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $222,000. Wealthquest Corp bought a new stake in shares of TJX Companies in the 4th quarter valued at about $363,000. Atticus Wealth Management LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $201,000. First National Trust Co raised its holdings in shares of TJX Companies by 0.6% in the 4th quarter. First National Trust Co now owns 84,709 shares of the apparel and home fashions retailer’s stock valued at $13,012,000 after purchasing an additional 535 shares during the period. Finally, Swedbank AB raised its holdings in TJX Companies by 7.1% in the 4th quarter. Swedbank AB now owns 1,118,952 shares of the apparel and home fashions retailer’s stock valued at $171,882,000 after acquiring an additional 74,356 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays reissued an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday. BTIG Research increased their price target on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. UBS Group reissued a “neutral” rating and issued a $197.00 price target (up from $193.00) on shares of TJX Companies in a report on Thursday. Citigroup reissued a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $174.58.

TJX Companies Stock Up 0.0%

Shares of TJX opened at $158.29 on Tuesday. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $165.82. The firm’s 50 day moving average is $156.73 and its 200-day moving average is $154.81. The stock has a market capitalization of $175.04 billion, a PE ratio of 30.74, a P/E/G ratio of 3.58 and a beta of 0.64. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same period last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies’s payout ratio is 37.28%.

TJX Companies 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.