The TJX Companies, Inc. $TJX Stock Holdings Lessened by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,735 shares of the apparel and home fashions retailer’s stock after selling 6,988 shares during the quarter. TJX Companies comprises approximately 1.5% of Nixon Peabody Trust Co.’s holdings, making the stock its 16th largest position. Nixon Peabody Trust Co.’s holdings in TJX Companies were worth $19,122,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its position in TJX Companies by 12.9% during the first quarter. QRG Capital Management Inc. now owns 303,313 shares of the apparel and home fashions retailer’s stock worth $48,439,000 after purchasing an additional 34,633 shares during the period. HB Wealth Management LLC raised its position in shares of TJX Companies by 9.6% in the first quarter. HB Wealth Management LLC now owns 72,218 shares of the apparel and home fashions retailer’s stock valued at $11,533,000 after purchasing an additional 6,320 shares during the period. IRON Financial LLC acquired a new stake in shares of TJX Companies in the first quarter worth $943,000. PFG Investments LLC lifted its stake in shares of TJX Companies by 1.3% in the first quarter. PFG Investments LLC now owns 21,174 shares of the apparel and home fashions retailer’s stock worth $3,381,000 after buying an additional 271 shares during the last quarter. Finally, Kelman Lazarov Inc. bought a new stake in shares of TJX Companies during the 1st quarter worth $218,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Evercore restated an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Barclays reiterated an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. 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 data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $174.58.

Insider Transactions at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at $87,051,761. This represents a 5.07% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. Insiders own 0.15% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $154.05 on Friday. The company’s fifty day moving average is $157.34 and its two-hundred day moving average is $156.80. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a market capitalization of $170.18 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 3.34 and a beta of 0.63.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’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 5.17 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is currently 37.28%.

About TJX Companies

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.