The TJX Companies, Inc. $TJX Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,285 shares of the apparel and home fashions retailer’s stock after selling 5,211 shares during the quarter. TJX Companies accounts for approximately 1.3% of Patten & Patten Inc. TN’s holdings, making the stock its 14th largest position. Patten & Patten Inc. TN’s holdings in TJX Companies were worth $22,317,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TJX. Alliancebernstein L.P. grew its position in shares of TJX Companies by 91.6% in the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after acquiring an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after acquiring an additional 2,743,676 shares in the last quarter. Amundi grew its position in shares of TJX Companies by 22.1% in the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after acquiring an additional 1,761,281 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of TJX Companies by 81.2% in the 3rd quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer’s stock worth $462,323,000 after acquiring an additional 1,433,801 shares in the last quarter. Finally, Steadfast Capital Management LP boosted its position in TJX Companies by 198.8% during the 3rd quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer’s stock valued at $296,779,000 after purchasing an additional 1,366,066 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value 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 represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.8%

TJX stock opened at $153.29 on Friday. The firm’s 50-day moving average is $158.32 and its two-hundred day moving average is $153.96. The company has a market capitalization of $169.51 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 3.55 and a beta of 0.64. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $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. On average, analysts forecast that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TJX. Telsey Advisory Group boosted their price objective on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Barclays boosted their price objective on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. BTIG Research restated a “buy” rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Weiss Ratings upgraded TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and a consensus target price 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.