Quent Long Short Global Small Cap Fund LP Acquires Shares of 6,392 The TJX Companies, Inc. $TJX

Quent Long Short Global Small Cap Fund LP acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,392 shares of the apparel and home fashions retailer’s stock, valued at approximately $982,000.

A number of other hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC increased its position in TJX Companies by 14.2% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 81,442 shares of the apparel and home fashions retailer’s stock valued at $12,510,000 after acquiring an additional 10,136 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in TJX Companies during the fourth quarter valued at $260,000. waypoint wealth counsel increased its position in TJX Companies by 22.0% during the fourth quarter. waypoint wealth counsel now owns 2,768 shares of the apparel and home fashions retailer’s stock valued at $425,000 after acquiring an additional 500 shares during the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in TJX Companies by 1.2% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 119,144 shares of the apparel and home fashions retailer’s stock valued at $18,351,000 after acquiring an additional 1,363 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in TJX Companies by 3.4% during the fourth quarter. Teacher Retirement System of Texas now owns 588,711 shares of the apparel and home fashions retailer’s stock valued at $90,432,000 after acquiring an additional 19,413 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.0%

Shares of NYSE:TJX opened at $158.42 on Friday. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82. The stock has a market cap of $175.34 billion, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The business’s 50 day moving average is $158.40 and its 200 day moving average is $153.02. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. TJX Companies’s revenue was up 8.5% compared to the same quarter last year. 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. Sell-side analysts predict that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

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

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated 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 directly owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. Barclays upped their target price on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Argus raised TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. BTIG Research reaffirmed a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research note on Thursday, January 8th. Four investment analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $167.55.

TJX Companies Company 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.