The TJX Companies, Inc. $TJX Stake Lowered by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 964,779 shares of the apparel and home fashions retailer’s stock after selling 53,037 shares during the quarter. TJX Companies accounts for about 0.8% of Glenmede Trust Co. NA’s holdings, making the stock its 26th biggest holding. Glenmede Trust Co. NA’s holdings in TJX Companies were worth $154,075,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its holdings 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 worth $25,000 after acquiring an additional 89 shares during the period. Entrust Financial LLC bought a new position in TJX Companies in the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in TJX Companies in the 4th quarter worth about $26,000. IMG Wealth Management Inc. increased its stake 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 purchasing an additional 69 shares during the period. Finally, Joseph Group Capital Management bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $27,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of several analyst reports. Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. BTIG Research lifted their target price on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 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 note on Thursday, May 21st. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $176.89.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the sale, the chief executive officer directly owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. This represents a 1.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 in the last ninety days. 0.15% of the stock is owned by insiders.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $157.50 on Friday. The stock has a fifty day moving average price of $157.57 and a two-hundred day moving average price of $156.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The firm has a market cap of $173.99 billion, a P/E ratio of 30.58, a PEG ratio of 3.45 and a beta of 0.63. The TJX Companies, Inc. has a 1 year low of $123.78 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $14.02 billion. During the same period last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter 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. Research analysts forecast that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is presently 37.28%.

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.