South Street Advisors LLC Decreases Position in The TJX Companies, Inc. $TJX

South Street Advisors LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 165,955 shares of the apparel and home fashions retailer’s stock after selling 17,544 shares during the quarter. TJX Companies comprises about 3.6% of South Street Advisors LLC’s holdings, making the stock its 9th biggest position. South Street Advisors LLC’s holdings in TJX Companies were worth $25,492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of TJX Companies in the fourth quarter worth about $275,000. Basepoint Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $39,000. Inspire Trust Co. N.A. raised its stake in shares of TJX Companies by 27.9% in the fourth quarter. Inspire Trust Co. N.A. now owns 28,135 shares of the apparel and home fashions retailer’s stock worth $4,322,000 after buying an additional 6,135 shares during the period. Rothschild Investment LLC raised its stake in shares of TJX Companies by 29.1% in the fourth quarter. Rothschild Investment LLC now owns 4,403 shares of the apparel and home fashions retailer’s stock worth $676,000 after buying an additional 992 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of TJX Companies by 1.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 420,353 shares of the apparel and home fashions retailer’s stock worth $64,570,000 after buying an additional 7,854 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was 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 in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Robert W. Baird raised their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Telsey Advisory Group lifted their target price on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus price target of $174.58.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $154.82 on Friday. The stock has a market cap of $171.20 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 3.41 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The stock has a 50 day moving average price of $156.81 and a 200-day moving average price of $155.08. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter 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. Equities analysts expect that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, May 14th. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. 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.