CenterBook Partners LP Boosts Holdings in The TJX Companies, Inc. $TJX

CenterBook Partners LP boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 35.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,730 shares of the apparel and home fashions retailer’s stock after acquiring an additional 40,225 shares during the period. TJX Companies accounts for 1.2% of CenterBook Partners LP’s holdings, making the stock its 11th biggest position. CenterBook Partners LP’s holdings in TJX Companies were worth $23,614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in TJX Companies during the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. increased its stake in TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Joseph Group Capital Management acquired a new position in TJX Companies during the 4th quarter valued at approximately $27,000. Finally, Miller Global Investments LLC acquired a new position in TJX Companies during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Key Headlines Impacting TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX posted strong fiscal Q1 results, including 6% comparable sales growth and 29% EPS growth, and raised guidance, supporting the stock’s recent strength.
• Positive Sentiment: Analysts remain constructive on The TJX Companies, Inc., with a consensus “Buy” view and continued praise for its growth and defensive retail appeal.
• Positive Sentiment: UBS singled out TJX as a preferred consumer stock, citing its ability to grow, deliver strong returns, and exceed expectations.
• Neutral Sentiment: Recent stock gains have pushed TJX near its 52-week high, which may attract both momentum buyers and some profit-taking.
• Negative Sentiment: CEO Ernie Herrman and CFO John Klinger sold shares this week, which may weigh on sentiment even though the transactions were disclosed as routine filings.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 73,786 shares of company stock worth $11,695,268 in the last quarter. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Evercore restated an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research upped their price target on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company restated an “outperform” rating and set a $160.00 price target (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, UBS Group restated a “neutral” rating and set a $197.00 price target (up from $193.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three equities research 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.com, the company presently has an average rating of “Buy” and a consensus price target of $174.58.

TJX Companies Stock Down 0.0%

NYSE:TJX opened at $160.69 on Monday. The firm has a market capitalization of $177.51 billion, a P/E ratio of 31.20, a PEG ratio of 3.49 and a beta of 0.62. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company’s fifty day moving average price is $156.84 and its 200-day moving average price is $155.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. 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. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.48 dividend. The ex-dividend date was Thursday, May 14th. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is currently 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.