The TJX Companies, Inc. $TJX Position Cut by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 94,361 shares of the apparel and home fashions retailer’s stock after selling 5,177 shares during the period. TJX Companies comprises approximately 3.4% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 4th largest position. Raab & Moskowitz Asset Management LLC’s holdings in TJX Companies were worth $15,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Swiss Life Asset Management Ltd boosted its position in shares of TJX Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after buying an additional 32,407 shares during the period. Family Capital Trust Co grew its stake in shares of TJX Companies by 1,080.0% during the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after buying an additional 12,377 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of TJX Companies by 78.3% in the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after buying an additional 2,989 shares during the period. Bluedoor Private Wealth LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth approximately $2,559,000. Finally, Robinhood Asset Management LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $7,140,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 1.1%

Shares of NYSE TJX opened at $157.50 on Friday. The TJX Companies, Inc. has a 52-week low of $123.78 and a 52-week high of $170.00. The firm has a market capitalization of $173.99 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 3.45 and a beta of 0.63. The stock has a 50 day moving average price of $157.57 and a 200 day moving average price of $156.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. 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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is presently 37.28%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. increased their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Truist Financial set a $190.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Citigroup reissued a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, UBS Group restated a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Buy” and a consensus target price of $176.89.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction dated 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 directly owned 552,850 shares in the company, valued at $87,051,761. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the sale, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% 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.