The TJX Companies, Inc. $TJX Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 46.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,768 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,270 shares during the quarter. Twin Capital Management Inc.’s holdings in TJX Companies were worth $3,157,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Journey Advisory Group LLC boosted its stake in TJX Companies by 2.2% during the 1st quarter. Journey Advisory Group LLC now owns 45,128 shares of the apparel and home fashions retailer’s stock valued at $7,207,000 after purchasing an additional 974 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of TJX Companies by 33.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,174 shares of the apparel and home fashions retailer’s stock worth $187,000 after buying an additional 291 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of TJX Companies by 32.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 970 shares of the apparel and home fashions retailer’s stock worth $155,000 after buying an additional 239 shares in the last quarter. Advisors Preferred LLC lifted its holdings in shares of TJX Companies by 10.6% in the first quarter. Advisors Preferred LLC now owns 13,714 shares of the apparel and home fashions retailer’s stock valued at $2,190,000 after buying an additional 1,309 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of TJX Companies by 6.4% in the first quarter. Sanctuary Advisors LLC now owns 240,515 shares of the apparel and home fashions retailer’s stock valued at $38,410,000 after buying an additional 14,394 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $151.00 on Thursday. The company’s fifty day moving average is $156.51 and its two-hundred day moving average is $156.56. The company has a market cap of $166.81 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 3.26 and a beta of 0.63. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-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.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.92 earnings per share. 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 analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 37.28%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TJX. Truist Financial set a $190.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Telsey Advisory Group increased their price objective on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Barclays reissued an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $176.89.

Insider Activity at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the sale, the director owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was 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 directly owned 552,850 shares in the company, valued at $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

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.