Pioneer Trust Bank N A OR lessened its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 9.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 38,928 shares of the apparel and home fashions retailer’s stock after selling 4,135 shares during the period. Pioneer Trust Bank N A OR’s holdings in TJX Companies were worth $5,980,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the stock. Harbour Investments Inc. boosted its position in shares of TJX Companies by 211.8% during the fourth quarter. Harbour Investments Inc. now owns 14,080 shares of the apparel and home fashions retailer’s stock valued at $2,163,000 after buying an additional 9,565 shares during the last quarter. Global Assets Advisory LLC boosted its position in shares of TJX Companies by 4.1% during the fourth quarter. Global Assets Advisory LLC now owns 2,702 shares of the apparel and home fashions retailer’s stock valued at $415,000 after buying an additional 106 shares during the last quarter. Summitry LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $236,000. Choate Investment Advisors boosted its position in shares of TJX Companies by 4.2% during the fourth quarter. Choate Investment Advisors now owns 275,456 shares of the apparel and home fashions retailer’s stock valued at $42,313,000 after buying an additional 11,131 shares during the last quarter. Finally, Clearstead Trust LLC boosted its position in shares of TJX Companies by 18.9% during the fourth quarter. Clearstead Trust LLC now owns 23,271 shares of the apparel and home fashions retailer’s stock valued at $3,575,000 after buying an additional 3,695 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. BTIG Research lifted their target price on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday. Citigroup reiterated a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday. Barclays restated an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research note on Thursday. Finally, Evercore reaffirmed an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus price target of $174.58.
TJX Companies Trading Up 0.0%
Shares of TJX Companies stock opened at $158.29 on Tuesday. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The firm has a market cap of $175.04 billion, a PE ratio of 30.74, a P/E/G ratio of 3.58 and a beta of 0.64. The stock has a fifty day moving average price of $156.73 and a 200-day moving average price of $154.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.
TJX Companies (NYSE:TJX – Get Free Report) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.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 EPS. The business’s revenue 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current year.
TJX Companies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a $0.48 dividend. The ex-dividend date is Thursday, May 14th. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is presently 37.28%.
Insider Activity
In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by 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.
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