Passumpsic Savings Bank Makes New $3.32 Million Investment in The TJX Companies, Inc. $TJX

Passumpsic Savings Bank purchased a new position in The TJX Companies, Inc. (NYSE:TJXFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,621 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,321,000. TJX Companies comprises approximately 1.8% of Passumpsic Savings Bank’s investment portfolio, making the stock its 16th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. North Dakota State Investment Board purchased a new position in TJX Companies in the fourth quarter worth $5,893,000. Elyxium Wealth LLC grew its holdings in TJX Companies by 6.9% in the fourth quarter. Elyxium Wealth LLC now owns 1,616 shares of the apparel and home fashions retailer’s stock worth $248,000 after purchasing an additional 105 shares during the last quarter. Rossmore Private Capital grew its holdings in TJX Companies by 8.9% in the fourth quarter. Rossmore Private Capital now owns 18,337 shares of the apparel and home fashions retailer’s stock worth $2,817,000 after purchasing an additional 1,491 shares during the last quarter. United Bank grew its holdings in TJX Companies by 2.7% in the fourth quarter. United Bank now owns 17,276 shares of the apparel and home fashions retailer’s stock worth $2,654,000 after purchasing an additional 454 shares during the last quarter. Finally, Abacus Wealth Partners LLC purchased a new position in TJX Companies in the fourth quarter worth $349,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $147.40 on Monday. The firm has a market capitalization of $163.00 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 3.39 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company’s fifty day moving average price is $157.08 and its 200-day moving average price is $154.21.

TJX Companies (NYSE:TJXGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. 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. On average, equities research analysts predict that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared 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 a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.3%. TJX Companies’s dividend payout ratio is currently 39.34%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TJX shares. Telsey Advisory Group lifted their price target on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Weiss Ratings lowered shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. BTIG Research reissued a “buy” rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. UBS Group reissued a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Finally, Barclays boosted their price objective on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $167.55.

View Our Latest Analysis on TJX

TJX Companies News Summary

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TJX Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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