Nvest Financial LLC Buys 7,876 Shares of The TJX Companies, Inc. $TJX

Nvest Financial LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 25.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,243 shares of the apparel and home fashions retailer’s stock after buying an additional 7,876 shares during the period. TJX Companies comprises about 2.5% of Nvest Financial LLC’s holdings, making the stock its 11th largest position. Nvest Financial LLC’s holdings in TJX Companies were worth $6,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Dogwood Wealth Management LLC lifted its stake in TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. Entrust Financial LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $26,000. GGM Financials LLC purchased a new stake in shares of TJX Companies in the third quarter valued at about $27,000. Joseph Group Capital Management purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $27,000. Finally, IMG Wealth Management Inc. lifted its position in shares of TJX Companies by 65.7% during 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 in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 2.8%

Shares of TJX opened at $158.04 on Thursday. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The business has a 50-day moving average of $156.81 and a 200 day moving average of $155.31. The firm has a market cap of $174.58 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 3.34 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period in the previous year, the business earned $0.92 EPS. TJX Companies’s revenue was up 9.2% compared to the same quarter last year. 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. As a group, research analysts forecast that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The business 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 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 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 presently 37.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Weiss Ratings cut shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. UBS Group reaffirmed a “neutral” rating and set a $197.00 price target (up from $193.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus price target of $174.58.

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.