Pursuit Wealth Management LLC Takes Position in The TJX Companies, Inc. $TJX

Pursuit Wealth Management LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, Holdings Channel reports. The firm purchased 6,973 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,071,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of TJX Companies by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after purchasing an additional 820,730 shares in the last quarter. Capital International Investors raised its holdings in TJX Companies by 4.2% in the third quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock worth $2,266,066,000 after purchasing an additional 630,574 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of TJX Companies by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock worth $1,939,435,000 after buying an additional 392,097 shares during the period. Amundi increased its stake in shares of TJX Companies by 22.1% during the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock valued at $1,391,822,000 after purchasing an additional 1,761,281 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of TJX Companies by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after purchasing an additional 420,232 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.0%

TJX opened at $160.34 on Thursday. The firm’s 50 day simple moving average is $157.83 and its two-hundred day simple moving average is $152.43. The company has a market capitalization of $177.47 billion, a PE ratio of 32.86, a PEG ratio of 3.69 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion during 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 company’s revenue for the quarter 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. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a $0.48 dividend. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TJX. Telsey Advisory Group raised their price target on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Robert W. Baird set a $168.00 price objective on shares of TJX Companies in a report on Wednesday, December 17th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Finally, UBS Group reissued a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus price target of $167.55.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

TJX Companies 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.