Venture Visionary Partners LLC Purchases 4,531 Shares of The TJX Companies, Inc. $TJX

Venture Visionary Partners LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 50.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,524 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,531 shares during the quarter. Venture Visionary Partners LLC’s holdings in TJX Companies were worth $2,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in TJX Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock valued at $15,780,919,000 after buying an additional 771,882 shares in the last quarter. Geode Capital Management LLC grew its holdings in TJX Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after buying an additional 673,690 shares in the last quarter. Capital International Investors grew its holdings in TJX Companies by 2.0% during the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after buying an additional 308,408 shares in the last quarter. Norges Bank purchased a new stake in TJX Companies during the 4th quarter valued at approximately $2,211,975,000. Finally, Ameriprise Financial Inc. grew its holdings in TJX Companies by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock valued at $1,939,435,000 after buying an additional 392,097 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.8%

TJX stock opened at $167.13 on Tuesday. The firm has a fifty day moving average price of $157.73 and a 200 day moving average price of $156.23. 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. The firm has a market cap of $184.62 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 3.65 and a beta of 0.62.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating 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 firm had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the firm posted $0.92 earnings per share. TJX Companies’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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 anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. 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 1.1%. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TJX shares. Weiss Ratings lowered shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Evercore reaffirmed an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a report on Thursday, May 21st. Barclays reaffirmed an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to data from MarketBeat, TJX Companies has a consensus rating of “Buy” and a consensus price target of $174.58.

Insider Buying and Selling at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by company insiders.

TJX Companies Company 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.