The TJX Companies, Inc. $TJX Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 304,685 shares of the apparel and home fashions retailer’s stock after selling 8,166 shares during the quarter. TJX Companies makes up 2.2% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Reynders McVeigh Capital Management LLC’s holdings in TJX Companies were worth $46,803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TJX. Joseph Group Capital Management acquired a new position in shares of TJX Companies during the 4th quarter worth $27,000. Miller Global Investments LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $28,000. Dogwood Wealth Management LLC raised its stake in shares of TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 92 shares during the last quarter. Imprint Wealth LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth $27,000. Finally, GGM Financials LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.1%

TJX Companies stock opened at $156.94 on Monday. The stock has a market cap of $173.70 billion, a PE ratio of 32.16, a P/E/G ratio of 3.61 and a beta of 0.64. The stock has a 50-day moving average price of $158.51 and a 200 day moving average price of $153.72. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week 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 posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. 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. Equities research analysts predict that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal 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. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is presently 34.84%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TJX. Barclays lifted their price target on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Argus raised TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings raised TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, April 1st. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Four research 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, the company has an average rating of “Buy” and an average target price of $167.55.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the sale, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

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.