Faithward Advisors LLC Has $2.26 Million Stock Holdings in The TJX Companies, Inc. $TJX

Faithward Advisors LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 428.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,698 shares of the apparel and home fashions retailer’s stock after buying an additional 11,917 shares during the quarter. Faithward Advisors LLC’s holdings in TJX Companies were worth $2,258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in TJX Companies in the 4th quarter valued at $2,833,000. Oarsman Capital Inc. raised its holdings in TJX Companies by 3.6% in the 4th quarter. Oarsman Capital Inc. now owns 29,847 shares of the apparel and home fashions retailer’s stock valued at $4,585,000 after acquiring an additional 1,025 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in TJX Companies in the 4th quarter valued at $2,304,000. OMERS ADMINISTRATION Corp raised its holdings in shares of TJX Companies by 1.0% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 48,351 shares of the apparel and home fashions retailer’s stock worth $7,427,000 after buying an additional 476 shares in the last quarter. Finally, Silvant Capital Management LLC raised its holdings in shares of TJX Companies by 0.4% during the 4th quarter. Silvant Capital Management LLC now owns 67,234 shares of the apparel and home fashions retailer’s stock worth $10,328,000 after buying an additional 263 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Argus raised TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Robert W. Baird boosted their price target on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Truist Financial set a $190.00 price target on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. UBS Group reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Finally, Evercore reissued an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $174.58.

TJX Companies Trading Down 0.8%

Shares of TJX stock opened at $167.13 on Tuesday. The firm has a market capitalization of $184.62 billion, a P/E ratio of 32.45, a P/E/G ratio of 3.65 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 $157.73 and its 200 day simple moving average is $156.23.

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. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s payout ratio is currently 37.28%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. The trade was a 1.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the sale, the director owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is currently owned by insiders.

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.