The TJX Companies, Inc. $TJX Shares Bought by Deltec Asset Management LLC

Deltec Asset Management LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 23.7% during the 1st quarter, HoldingsChannel reports. The firm owned 26,100 shares of the apparel and home fashions retailer’s stock after buying an additional 5,000 shares during the quarter. Deltec Asset Management LLC’s holdings in TJX Companies were worth $4,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Balentine LLC grew its position in TJX Companies by 1.5% during the first quarter. Balentine LLC now owns 4,749 shares of the apparel and home fashions retailer’s stock valued at $758,000 after buying an additional 72 shares during the period. Fulton Bank N.A. raised its position in shares of TJX Companies by 0.4% in the first quarter. Fulton Bank N.A. now owns 41,641 shares of the apparel and home fashions retailer’s stock worth $6,650,000 after acquiring an additional 147 shares during the period. James Investment Research Inc. boosted its stake in shares of TJX Companies by 10.3% during the 1st quarter. James Investment Research Inc. now owns 28,343 shares of the apparel and home fashions retailer’s stock worth $4,526,000 after acquiring an additional 2,651 shares in the last quarter. Vertrix Wealth Management LLC purchased a new stake in shares of TJX Companies during the 1st quarter worth about $4,161,000. Finally, Financial Life Planners acquired a new stake in shares of TJX Companies during the 1st quarter valued at about $125,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last 90 days. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TJX. Evercore reaffirmed an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. UBS Group restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Robert W. Baird increased their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, BTIG Research lifted their price target on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $174.58.

TJX Companies Trading Down 0.2%

Shares of TJX Companies stock opened at $151.22 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $170.00. The firm has a market capitalization of $167.05 billion, a PE ratio of 29.36, a P/E/G ratio of 3.28 and a beta of 0.63. The firm’s 50-day moving average price is $157.54 and its 200 day moving average price is $156.83.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period in the previous year, the business earned $0.92 EPS. TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. 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. On average, sell-side analysts predict that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

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.