Sanctuary Advisors LLC Grows Stock Holdings in The TJX Companies, Inc. $TJX

Sanctuary Advisors LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 6.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 240,515 shares of the apparel and home fashions retailer’s stock after acquiring an additional 14,394 shares during the period. Sanctuary Advisors LLC’s holdings in TJX Companies were worth $38,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the period. Entrust Financial LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Imprint Wealth LLC acquired a new position in shares of TJX Companies in the third quarter valued at approximately $27,000. Finally, Joseph Group Capital Management acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Evercore restated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Robert W. Baird upped their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Citigroup reiterated a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $176.89.

TJX Companies Stock Down 0.1%

TJX stock opened at $150.31 on Wednesday. The company’s 50 day moving average price is $156.60 and its 200 day moving average price is $156.60. The firm has a market capitalization of $166.05 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 3.26 and a beta of 0.63. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $170.00. 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 issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. 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. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed 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. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is 37.28%.

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.