Smithbridge Asset Management Inc. DE raised its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 98.4% during the fourth quarter, Holdings Channel reports. The fund owned 139,618 shares of the apparel and home fashions retailer’s stock after buying an additional 69,256 shares during the period. TJX Companies makes up approximately 1.8% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 16th largest position. Smithbridge Asset Management Inc. DE’s holdings in TJX Companies were worth $21,447,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares during the last quarter. Entrust Financial LLC purchased a new position in TJX Companies in the fourth quarter valued at about $26,000. GGM Financials LLC purchased a new position in TJX Companies in the third quarter valued at about $27,000. Finally, Joseph Group Capital Management purchased a new position in TJX Companies in the fourth quarter valued at about $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting TJX Companies
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: Wall Street commentary remained constructive, with analysts and media coverage highlighting TJX’s ability to keep gaining market share from department stores and its strong value-and-selection proposition. TJX Positioned for Continued Market Share Gains From Department Stores, UBS Says
- Positive Sentiment: The company announced a quarterly dividend of $0.48 per share, reinforcing its cash-generation profile and shareholder-friendly capital return policy. The TJX Companies, Inc. Announces Quarterly Common Stock Dividend
- Positive Sentiment: Recent reporting also pointed to stronger-than-expected comparable sales, suggesting continued demand for TJX’s off-price formats even as other retailers work through excess inventory. Will Stronger-Than-Expected Comps and New Debt Shelf Shape TJX Companies’ (TJX) Investment Narrative?
- Neutral Sentiment: Articles questioning whether TJX is a “buy” based on average analyst recommendations were largely opinion-driven and did not include a major new rating change. Is TJX (TJX) a Buy as Wall Street Analysts Look Optimistic?
- Neutral Sentiment: A recent insider sale by Chairman Carol Meyrowitz may attract some attention, but insider sales are often interpreted cautiously and do not necessarily signal a deterioration in the business. Chairman Carol Meyrowitz sold shares
Analyst Upgrades and Downgrades
Read Our Latest Report on TJX Companies
Insider Transactions at TJX Companies
In other news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction on Friday, June 5th. The stock was 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 directly owned 64,257 shares in the company, valued at $10,330,597.89. The trade was a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 129,410 shares of company stock valued at $20,798,135 in the last quarter. Insiders own 0.13% of the company’s stock.
TJX Companies Stock Performance
NYSE TJX opened at $167.81 on Thursday. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $167.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The stock has a market capitalization of $185.38 billion, a PE ratio of 32.58, a P/E/G ratio of 3.58 and a beta of 0.62. The company’s 50 day simple moving average is $157.32 and its two-hundred day simple moving average is $155.88.
TJX Companies (NYSE:TJX – Get Free Report) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the prior year, the company posted $0.92 EPS. The business’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. Analysts predict that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.
TJX Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 is presently 37.28%.
TJX Companies 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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