Coerente Capital Management Buys New Position in The TJX Companies, Inc. $TJX

Coerente Capital Management bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, Holdings Channel reports. The institutional investor bought 4,005 shares of the apparel and home fashions retailer’s stock, valued at approximately $615,000.

Several other large investors have also added to or reduced their stakes in the company. Gibbs Wealth Management purchased a new stake in TJX Companies during the 4th quarter valued at about $210,000. Twelve Points Wealth Management LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $211,000. Howard Capital Management Inc. grew its stake in TJX Companies by 5.1% during the 4th quarter. Howard Capital Management Inc. now owns 9,147 shares of the apparel and home fashions retailer’s stock valued at $1,405,000 after purchasing an additional 446 shares during the last quarter. Ritholtz Wealth Management grew its stake in TJX Companies by 12.1% during the 4th quarter. Ritholtz Wealth Management now owns 27,951 shares of the apparel and home fashions retailer’s stock valued at $4,293,000 after purchasing an additional 3,009 shares during the last quarter. Finally, Peak Financial Management Inc. grew its stake in TJX Companies by 2.9% during the 4th quarter. Peak Financial Management Inc. now owns 2,986 shares of the apparel and home fashions retailer’s stock valued at $459,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Robert W. Baird set a $168.00 price target on TJX Companies in a research note on Wednesday, December 17th. Weiss Ratings upgraded TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, April 1st. Finally, Telsey Advisory Group boosted their price target on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Down 2.0%

Shares of TJX opened at $161.63 on Friday. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $178.89 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 3.79 and a beta of 0.73. The stock’s 50-day moving average price is $157.35 and its 200-day moving average price is $151.96.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.48 dividend. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by 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.