Provident Trust Co. Has $393.74 Million Stake in The TJX Companies, Inc. $TJX

Provident Trust Co. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,563,261 shares of the apparel and home fashions retailer’s stock after selling 145,314 shares during the quarter. TJX Companies comprises 6.6% of Provident Trust Co.’s investment portfolio, making the stock its 9th largest position. Provident Trust Co.’s holdings in TJX Companies were worth $393,743,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TJX. Dogwood Wealth Management LLC boosted its position in shares of TJX Companies by 102.2% during 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 acquiring an additional 92 shares during the last quarter. GGM Financials LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $27,000. Joseph Group Capital Management bought a new stake in shares of TJX Companies during the 4th quarter valued at about $27,000. Imprint Wealth LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in TJX Companies in the 3rd quarter worth approximately $28,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $156.94 on Friday. 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 business’s 50 day simple moving average is $158.51 and its two-hundred day simple moving average is $153.65. The stock has a market capitalization of $173.70 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 3.61 and a beta of 0.64. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $17.36 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. The business’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. Analysts forecast that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The firm 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies’s payout ratio is presently 34.84%.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Weiss Ratings upgraded TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, April 1st. Barclays boosted their target price on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. boosted their target price on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a research report on Tuesday, January 6th. Four investment analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $167.55.

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.