Turtle Creek Wealth Advisors LLC Buys 6,063 Shares of The TJX Companies, Inc. $TJX

Turtle Creek Wealth Advisors LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,505 shares of the apparel and home fashions retailer’s stock after buying an additional 6,063 shares during the period. TJX Companies comprises approximately 1.1% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in TJX Companies were worth $13,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 89 shares during the period. Entrust Financial LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Joseph Group Capital Management bought a new position in TJX Companies in the fourth quarter worth approximately $27,000. Finally, IMG Wealth Management Inc. grew its stake in 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 worth $27,000 after purchasing an additional 69 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer owned 552,850 shares of the company’s stock, valued at $87,051,761. This represents a 5.07% decrease in their ownership of the stock. 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. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Telsey Advisory Group increased their price target on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Three research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $174.58.

TJX Companies Stock Performance

Shares of TJX stock opened at $154.05 on Friday. The firm has a market cap of $170.18 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.28 and a beta of 0.63. The company’s 50 day moving average is $157.43 and its 200 day moving average is $156.81. 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 TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00.

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

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend 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.