GC Wealth Management RIA LLC Decreases Stock Holdings in The TJX Companies, Inc. $TJX

GC Wealth Management RIA LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 76,896 shares of the apparel and home fashions retailer’s stock after selling 10,984 shares during the period. TJX Companies accounts for about 0.4% of GC Wealth Management RIA LLC’s holdings, making the stock its 29th biggest holding. GC Wealth Management RIA LLC’s holdings in TJX Companies were worth $11,812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Turning Point Benefit Group Inc. lifted its position in shares of TJX Companies by 130.6% during the 4th quarter. Turning Point Benefit Group Inc. now owns 226 shares of the apparel and home fashions retailer’s stock valued at $35,000 after buying an additional 128 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in TJX Companies by 23.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 16,424 shares of the apparel and home fashions retailer’s stock valued at $2,523,000 after purchasing an additional 3,135 shares during the last quarter. Chapin Davis Inc. raised its stake in TJX Companies by 4.7% in the 4th quarter. Chapin Davis Inc. now owns 1,825 shares of the apparel and home fashions retailer’s stock valued at $280,000 after purchasing an additional 82 shares during the last quarter. Interchange Capital Partners LLC raised its stake in TJX Companies by 17.3% in the 4th quarter. Interchange Capital Partners LLC now owns 2,990 shares of the apparel and home fashions retailer’s stock valued at $459,000 after purchasing an additional 442 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in TJX Companies in the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TJX. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research note on Thursday, January 8th. UBS Group reissued a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. JPMorgan Chase & Co. increased their price objective on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Barclays increased their price objective on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. 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 data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus target price of $167.55.

TJX Companies Stock Down 0.1%

Shares of NYSE:TJX opened at $157.30 on Wednesday. The business has a 50-day moving average price of $158.52 and a 200 day moving average price of $153.53. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $174.10 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 3.62 and a beta of 0.73. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82.

TJX Companies (NYSE:TJX) last issued 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 analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company earned $1.23 EPS. 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 expect that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

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

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.