The TJX Companies, Inc. $TJX Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 420,353 shares of the apparel and home fashions retailer’s stock after acquiring an additional 7,854 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in TJX Companies were worth $64,570,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TJX. Brighton Jones LLC lifted its stake in shares of TJX Companies by 113.7% during 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 during the period. Revolve Wealth Partners LLC lifted its position in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after acquiring an additional 235 shares during the period. Bison Wealth LLC grew its stake in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after purchasing an additional 955 shares during the last quarter. 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 valued at $2,013,000 after purchasing an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. acquired a new position in shares of TJX Companies in the second quarter valued at about $244,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $155.03 on Friday. The company has a market capitalization of $171.44 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 3.36 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 company’s fifty day moving average price is $156.85 and its 200 day moving average price is $155.08. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82.

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 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 the consensus estimate of $14.02 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’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. On average, research analysts predict that The TJX Companies, Inc. will post 5.15 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio is 37.28%.

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. BTIG Research upped their price objective on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised 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. Robert W. Baird upped their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Weiss Ratings lowered TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $174.58.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by company 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.