Providence First Trust Co Makes New Investment in The TJX Companies, Inc. $TJX

Providence First Trust Co acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 5,827 shares of the apparel and home fashions retailer’s stock, valued at approximately $895,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. SBI Securities Co. Ltd. lifted its stake in shares of TJX Companies by 21.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,081 shares of the apparel and home fashions retailer’s stock valued at $166,000 after buying an additional 191 shares in the last quarter. Morse Asset Management Inc increased its stake in TJX Companies by 15.7% in the 4th quarter. Morse Asset Management Inc now owns 13,496 shares of the apparel and home fashions retailer’s stock worth $2,073,000 after buying an additional 1,836 shares in the last quarter. Milestone Asset Management Group LLC bought a new stake in TJX Companies during the fourth quarter valued at about $252,000. Falcon Wealth Planning bought a new stake in TJX Companies during the fourth quarter valued at about $225,000. Finally, Alliance Wealth Advisors LLC UT lifted its position in shares of TJX Companies by 7.9% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 1,783 shares of the apparel and home fashions retailer’s stock valued at $274,000 after acquiring an additional 131 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TJX shares. Weiss Ratings upgraded TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, April 1st. BTIG Research reissued a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Argus raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Barclays lifted their price target on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Finally, UBS Group reissued a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Stock Up 0.2%

Shares of TJX opened at $154.94 on Wednesday. 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 stock has a market capitalization of $171.34 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 3.56 and a beta of 0.64. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The business’s 50 day simple moving average is $158.44 and its 200-day simple moving average is $153.79.

TJX Companies (NYSE:TJX) last announced its quarterly 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. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. TJX Companies’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 earnings per share. 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, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a $0.48 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s payout ratio is presently 34.84%.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.