The TJX Companies, Inc. $TJX Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 242,562 shares of the apparel and home fashions retailer’s stock after selling 4,187 shares during the period. TJX Companies accounts for 0.8% of Whittier Trust Co. of Nevada Inc.’s investment portfolio, making the stock its 27th largest holding. Whittier Trust Co. of Nevada Inc.’s holdings in TJX Companies were worth $37,335,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TJX. Trust Point Inc. increased its position in shares of TJX Companies by 1.3% in the 4th quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock valued at $803,000 after purchasing an additional 66 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of TJX Companies by 1.6% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after purchasing an additional 66 shares during the last quarter. Tempus Wealth Planning LLC increased its position in shares of TJX Companies by 0.5% in the 4th quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after purchasing an additional 67 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of TJX Companies by 3.0% in the 4th quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer’s stock valued at $371,000 after purchasing an additional 69 shares during the last quarter. Finally, High Note Wealth LLC increased its position in shares of TJX Companies by 12.1% in the 3rd quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock valued at $96,000 after purchasing an additional 72 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 1.7%

NYSE TJX opened at $157.51 on Friday. 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 firm’s fifty day moving average price is $157.87 and its 200 day moving average price is $152.46. The company has a market capitalization of $174.33 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $165.82.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. 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. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.48 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. 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%. TJX Companies’s payout ratio is 34.84%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TJX shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Telsey Advisory Group increased their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Argus raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Barclays increased their price objective on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, BTIG Research reissued a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $167.55.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

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.