Evercore Wealth Management LLC Sells 34,147 Shares of The TJX Companies, Inc. $TJX

Evercore Wealth Management LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,930 shares of the apparel and home fashions retailer’s stock after selling 34,147 shares during the quarter. Evercore Wealth Management LLC’s holdings in TJX Companies were worth $43,427,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in TJX Companies by 120.3% during the 4th 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 purchasing an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in TJX Companies during the fourth quarter worth $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies in the fourth quarter valued at $26,000. IMG Wealth Management Inc. lifted its stake in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new position in shares of TJX Companies during the fourth quarter valued at about $27,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. Telsey Advisory Group boosted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Truist Financial set a $190.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. BTIG Research boosted their price objective on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Barclays reissued an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Robert W. Baird raised their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $176.89.

TJX Companies Stock Performance

NYSE TJX opened at $156.35 on Tuesday. The TJX Companies, Inc. has a 1 year low of $123.78 and a 1 year high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a market cap of $172.72 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 3.34 and a beta of 0.63. The company has a fifty day moving average price of $157.31 and a 200-day moving average price of $156.57.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the firm earned $0.92 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. 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, equities research 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. Shareholders of record on Thursday, August 13th will be paid a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Insider Activity

In other news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock worth $20,959,476 in the last quarter. 0.15% of the stock is owned by corporate 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.