Bridges Investment Management Inc. Sells 6,031 Shares of The TJX Companies, Inc. $TJX

Bridges Investment Management Inc. lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,736 shares of the apparel and home fashions retailer’s stock after selling 6,031 shares during the period. Bridges Investment Management Inc.’s holdings in TJX Companies were worth $22,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TJX. Banco Santander S.A. grew its stake in shares of TJX Companies by 24.6% in the third quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after acquiring an additional 31,631 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of TJX Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after acquiring an additional 32,407 shares during the period. Family Capital Trust Co grew its stake in shares of TJX Companies by 1,080.0% in the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after acquiring an additional 12,377 shares during the period. Nordea Investment Management AB grew its stake in shares of TJX Companies by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after acquiring an additional 420,232 shares during the period. Finally, Wealthfront Advisers LLC raised its position in TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after acquiring an additional 8,006 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TJX shares. Citigroup reiterated a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Weiss Ratings lowered TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research lifted their price objective on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Barclays reissued an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $174.58.

TJX Companies Stock Up 0.5%

Shares of TJX stock opened at $153.53 on Wednesday. The company has a market capitalization of $169.77 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 3.32 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The company’s fifty day moving average price is $156.81 and its 200-day moving average price is $155.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (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%.The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a dividend of $0.48 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a yield of 1.3%. TJX Companies’s dividend payout ratio is 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.