Twin Capital Management Inc. Has $3.16 Million Position in The TJX Companies, Inc. $TJX

Twin Capital Management Inc. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 46.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 19,768 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,270 shares during the quarter. Twin Capital Management Inc.’s holdings in TJX Companies were worth $3,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised 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 during the last quarter. Entrust Financial LLC bought a new position in shares of TJX Companies during the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at about $26,000. IMG Wealth Management Inc. raised its position in shares of TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares during the last quarter. Finally, Joseph Group Capital Management bought a new stake in shares of TJX Companies in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $151.00 on Thursday. The stock has a 50-day moving average price of $156.51 and a 200 day moving average price of $156.56. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a market cap of $166.81 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 3.26 and a beta of 0.63. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX) last released 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. 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 the consensus estimate of $14.02 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. 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. Research analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. BTIG Research raised their target price on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, July 6th. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average target price of $176.89.

Insider Activity at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. The trade was a 1.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by insiders.

TJX Companies Company 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.