CX Institutional Grows Stake in The TJX Companies, Inc. $TJX

CX Institutional increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,280 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,336 shares during the quarter. CX Institutional’s holdings in TJX Companies were worth $10,335,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in shares of TJX Companies during the fourth quarter worth about $27,000. Miller Global Investments LLC purchased a new position in TJX Companies during the 4th quarter valued at approximately $28,000. Dogwood Wealth Management LLC grew its holdings in TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 92 shares in the last quarter. Imprint Wealth LLC purchased a new position in TJX Companies during the 3rd quarter valued at approximately $27,000. Finally, GGM Financials LLC purchased a new position in TJX Companies during the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $156.94 on Friday. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The firm has a market capitalization of $173.70 billion, a P/E ratio of 32.16, a P/E/G ratio of 3.61 and a beta of 0.64. The stock has a 50 day moving average price of $158.51 and a 200 day moving average price of $153.65.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same period last year, the company earned $1.23 EPS. TJX Companies’s quarterly revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 5.06 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio is 34.84%.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. UBS Group restated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $184.00 price target on TJX Companies in a report on Thursday, January 8th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. JPMorgan Chase & Co. raised their price target on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Finally, BTIG Research restated a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $167.55.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.