The TJX Companies, Inc. $TJX Position Trimmed by Phoenix Financial Ltd.

Phoenix Financial Ltd. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 15.9% in the fourth quarter, HoldingsChannel reports. The firm owned 38,522 shares of the apparel and home fashions retailer’s stock after selling 7,288 shares during the period. Phoenix Financial Ltd.’s holdings in TJX Companies were worth $5,949,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Dogwood Wealth Management LLC boosted its stake in TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 92 shares during the period. GGM Financials LLC acquired a new position in TJX Companies in the 3rd quarter worth approximately $27,000. Joseph Group Capital Management acquired a new position in TJX Companies in the 4th quarter worth approximately $27,000. Imprint Wealth LLC acquired a new position in TJX Companies in the 3rd quarter worth approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in TJX Companies in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.3%

TJX stock opened at $147.50 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The company has a fifty day simple moving average of $157.36 and a 200 day simple moving average of $154.19. The firm has a market cap of $163.10 billion, a PE ratio of 30.23, a PEG ratio of 3.38 and a beta of 0.64.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.06 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s payout ratio is presently 34.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TJX shares. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. BTIG Research reaffirmed a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Barclays raised their price objective on shares of TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Telsey Advisory Group raised their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $167.55.

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.