Meridian Wealth Management LLC Grows Stock Holdings in The TJX Companies, Inc. $TJX

Meridian Wealth Management LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJXFree Report) by 50.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,786 shares of the apparel and home fashions retailer’s stock after buying an additional 5,653 shares during the period. Meridian Wealth Management LLC’s holdings in TJX Companies were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TJX. Dogwood Wealth Management LLC grew its stake in TJX Companies by 102.2% in the 3rd 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 in the last quarter. GGM Financials LLC purchased a new position in TJX Companies in the 3rd quarter valued at approximately $27,000. Joseph Group Capital Management purchased a new position in TJX Companies in the 4th quarter valued at approximately $27,000. Imprint Wealth LLC purchased a new position in TJX Companies in the 3rd quarter valued at approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in TJX Companies in the 3rd quarter valued at approximately $28,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.0%

TJX opened at $150.37 on Wednesday. The company has a fifty day moving average price of $157.86 and a 200-day moving average price of $154.11. The firm has a market capitalization of $166.28 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 3.42 and a beta of 0.64. 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 one year low of $119.84 and a one year high of $165.82.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $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. Equities research analysts expect that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. 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 1.3%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s payout ratio is presently 34.84%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings lowered shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Argus raised shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, Telsey Advisory Group boosted their price target 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. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $167.55.

Get Our Latest Stock Analysis on TJX

About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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