The TJX Companies, Inc. $TJX Holdings Lowered by Wendell David Associates Inc.

Wendell David Associates Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,391 shares of the apparel and home fashions retailer’s stock after selling 6,943 shares during the period. TJX Companies comprises approximately 6.3% of Wendell David Associates Inc.’s portfolio, making the stock its 2nd largest position. Wendell David Associates Inc.’s holdings in TJX Companies were worth $57,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position in shares of TJX Companies by 120.3% in the 4th 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 purchasing an additional 89 shares during the period. Entrust Financial LLC acquired a new position in TJX Companies during the fourth quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Joseph Group Capital Management acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. boosted its holdings in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.2%

Shares of TJX Companies stock opened at $151.50 on Wednesday. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00. 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 company’s 50-day simple moving average is $157.70 and its 200-day simple moving average is $156.86. The firm has a market cap of $167.36 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62.

TJX Companies (NYSE:TJX) last posted its quarterly 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. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $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 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 37.28%.

Insiders Place Their Bets

In related news, CFO John Klinger sold 6,235 shares of the company’s 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 transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research upped their target price on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Citigroup reiterated a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $174.58.

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.