Wellspring Financial Advisors LLC Buys 6,114 Shares of The TJX Companies, Inc. $TJX

Wellspring Financial Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 206.3% in the fourth quarter, HoldingsChannel reports. The firm owned 9,078 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,114 shares during the period. Wellspring Financial Advisors LLC’s holdings in TJX Companies were worth $1,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in TJX Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock valued at $15,780,919,000 after purchasing an additional 771,882 shares during the last quarter. Geode Capital Management LLC increased its holdings in TJX Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after purchasing an additional 673,690 shares during the last quarter. Capital International Investors increased its holdings in TJX Companies by 2.0% in the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after purchasing an additional 308,408 shares during the last quarter. Norges Bank bought a new stake in TJX Companies in the fourth quarter valued at about $2,211,975,000. Finally, Ameriprise Financial Inc. increased its holdings in TJX Companies by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock valued at $1,939,435,000 after purchasing an additional 392,097 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.8%

NYSE:TJX opened at $167.81 on Thursday. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $167.92. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The stock has a market cap of $185.38 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 3.58 and a beta of 0.62. The stock has a 50-day moving average price of $157.32 and a two-hundred day moving average price of $155.88.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm 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 analysts expect that The TJX Companies, Inc. will post 5.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 37.28%.

Analyst Ratings Changes

A number of equities research analysts recently commented on TJX shares. BTIG Research upped their price objective on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Barclays reissued an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Truist Financial set a $190.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Robert W. Baird boosted their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Telsey Advisory Group boosted their target price on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $174.58.

More TJX Companies News

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

• Positive Sentiment: Erste Group Bank raised its earnings estimates for TJX, now expecting $5.20 per share in FY2027 and $5.75 in FY2028, which signals confidence in continued profit growth. TJX earnings estimate update
• Positive Sentiment: Recent analyst commentary remained constructive, with coverage highlighting TJX’s ability to keep taking market share from department stores and benefit from its off-price value proposition. TJX Positioned for Continued Market Share Gains From Department Stores, UBS Says
• Positive Sentiment: The company declared a quarterly dividend of $0.48 per share, reinforcing its strong cash generation and shareholder return profile. The TJX Companies, Inc. Announces Quarterly Common Stock Dividend
• Positive Sentiment: Investors are also reacting to earlier signs of strong comparable sales and earnings beats, which support the view that TJX’s off-price model is still resonating with shoppers. Will Stronger-Than-Expected Comps and New Debt Shelf Shape TJX Companies’ (TJX) Investment Narrative?
• Neutral Sentiment: Media pieces questioning whether TJX is a “buy” were mostly commentary on analyst optimism rather than a meaningful new rating change. Is TJX (TJX) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: Chairman Carol Meyrowitz sold 55,624 shares, a sizable transaction that can weigh on sentiment even though insider sales do not necessarily reflect operating weakness. Insider Selling: TJX Companies (NYSE:TJX) Chairman Sells 55,624 Shares of Stock

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at $87,051,761. This represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 129,410 shares of company stock valued at $20,798,135 over the last three months. Company insiders own 0.13% of the company’s stock.

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.