University of Texas Texas AM Investment Management Co. Takes $2.83 Million Position in The TJX Companies, Inc. $TJX

University of Texas Texas AM Investment Management Co. purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,446 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,833,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. Brighton Jones LLC boosted its stake in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after purchasing an additional 235 shares during the last quarter. Bison Wealth LLC boosted its position in TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares during the period. United Bank increased its holdings in shares of TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after buying an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $244,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TJX. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Argus upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Robert W. Baird increased their target price on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $174.58.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 29,549 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer owned 552,850 shares in the company, valued at $87,051,761. The trade was a 5.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,367 shares of company stock valued at $20,959,476 in the last 90 days. Insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $167.13 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $170.00. The stock has a market cap of $184.62 billion, a PE ratio of 32.45, a P/E/G ratio of 3.65 and a beta of 0.62. The company has a 50-day moving average price of $157.73 and a 200 day moving average price of $156.23.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is presently 37.28%.

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.