Corient Private Wealth LLC Sells 4,488 Shares of The TJX Companies, Inc. $TJX

Corient Private Wealth LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.2% during the 4th quarter, HoldingsChannel reports. The fund owned 2,176,136 shares of the apparel and home fashions retailer’s stock after selling 4,488 shares during the quarter. Corient Private Wealth LLC’s holdings in TJX Companies were worth $326,982,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in shares of TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 89 shares during the period. Entrust Financial LLC bought a new position in TJX Companies during the 4th quarter worth $26,000. Wilkerson Advisory Group LLC bought a new position in TJX Companies during the 4th quarter worth $26,000. IMG Wealth Management Inc. raised its holdings in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new position in TJX Companies in the 4th quarter valued at $27,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 0.2%

Shares of TJX stock opened at $163.81 on Friday. The firm has a market capitalization of $180.96 billion, a P/E ratio of 31.81, a P/E/G ratio of 3.56 and a beta of 0.62. 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’s fifty day simple moving average is $158.00 and its 200 day simple moving average is $156.48.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion during 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 business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company 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. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 5.17 EPS 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. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 37.28%.

Insider Buying and Selling

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the sale, the chairman owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the transaction, the chief executive officer owned 552,850 shares of the company’s stock, 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 sold 130,367 shares of company stock valued at $20,959,476 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. 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. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Citigroup reiterated a “buy” rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and an average price target of $174.58.

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.