Venture Visionary Partners LLC Increases Stock Position in The TJX Companies, Inc. $TJX

Venture Visionary Partners LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 50.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,524 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,531 shares during the quarter. Venture Visionary Partners LLC’s holdings in TJX Companies were worth $2,131,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Trust Point Inc. boosted its holdings in shares of TJX Companies by 1.3% during the 4th quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock valued at $803,000 after acquiring an additional 66 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in shares of TJX Companies by 1.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after acquiring an additional 66 shares during the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of TJX Companies by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock valued at $859,000 after acquiring an additional 66 shares during the last quarter. Tempus Wealth Planning LLC boosted its holdings in shares of TJX Companies by 0.5% during the 4th quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after acquiring an additional 67 shares during the last quarter. Finally, Verde Capital Management boosted its holdings in shares of TJX Companies by 0.7% during the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock valued at $1,539,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director owned 802 shares in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 in the last quarter. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Telsey Advisory Group increased their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $174.58.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $167.13 on Tuesday. The firm’s 50 day moving average price is $157.73 and its 200-day moving average price is $156.23. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $170.00. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $184.62 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 3.65 and a beta of 0.62.

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

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

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.