Ponta Wealth Partners LLC Invests $877,000 in The TJX Companies, Inc. $TJX

Ponta Wealth Partners LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,707 shares of the apparel and home fashions retailer’s stock, valued at approximately $877,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TJX. Brighton Jones LLC raised its stake in TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. Bison Wealth LLC boosted its position in TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after acquiring an additional 955 shares during the last quarter. United Bank grew its holdings in TJX Companies by 7.6% during the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after acquiring an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. bought a new position in shares of TJX Companies in the 2nd quarter worth about $244,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. BTIG Research reiterated a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Barclays boosted their price target on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. increased their price target on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Weiss Ratings upgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, April 1st. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $155.49 on Thursday. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The firm has a market capitalization of $171.94 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 3.56 and a beta of 0.64. The business has a 50-day simple moving average of $158.40 and a 200 day simple moving average of $153.88. 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) last posted its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share 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 business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the prior year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. 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, research analysts anticipate that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s payout ratio is 34.84%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.