Gateway Investment Advisers LLC Has $3.07 Million Stake in The TJX Companies, Inc. $TJX

Gateway Investment Advisers LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 65.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,966 shares of the apparel and home fashions retailer’s stock after purchasing an additional 7,908 shares during the period. Gateway Investment Advisers LLC’s holdings in TJX Companies were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Joseph Group Capital Management bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $27,000. Miller Global Investments LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $28,000. Dogwood Wealth Management LLC boosted its stake in shares of TJX Companies by 102.2% in the third 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 during the period. Imprint Wealth LLC bought a new stake in shares of TJX Companies in the third quarter valued at approximately $27,000. Finally, GGM Financials LLC bought a new stake in shares of TJX Companies in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This 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 this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. BTIG Research reiterated a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. JPMorgan Chase & Co. upped their target price on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Argus upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings upgraded TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, April 1st. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Down 0.8%

NYSE TJX opened at $153.29 on Friday. The business has a fifty day moving average price of $158.32 and a two-hundred day moving average price of $153.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The stock has a market capitalization of $169.51 billion, a PE ratio of 31.41, a PEG ratio of 3.55 and a beta of 0.64.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $17.36 billion. During the same period in the prior year, the company earned $1.23 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. 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. Equities analysts expect that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio is currently 34.84%.

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.