Norges Bank acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 14,399,942 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,211,975,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TJX. Dogwood Wealth Management LLC grew its holdings in TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 92 shares during the period. Entrust Financial LLC acquired a new position in TJX Companies during the fourth quarter worth $26,000. GGM Financials LLC acquired a new position in TJX Companies during the third quarter worth $27,000. Joseph Group Capital Management acquired a new position in TJX Companies during the fourth quarter worth $27,000. Finally, IMG Wealth Management Inc. grew its holdings in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Analysis on TJX
TJX Companies Stock Up 0.1%
TJX opened at $155.03 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a market cap of $171.44 billion, a P/E ratio of 30.10, a PEG ratio of 3.36 and a beta of 0.64. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82. The business’s fifty day simple moving average is $156.85 and its 200 day simple moving average is $155.08.
TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. 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. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.
TJX Companies Increases Dividend
The firm 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.2%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. TJX Companies’s dividend payout ratio (DPR) is currently 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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