MUFG Securities EMEA plc Decreases Stake in The TJX Companies, Inc. $TJX

MUFG Securities EMEA plc cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 49.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,626 shares of the apparel and home fashions retailer’s stock after selling 44,728 shares during the quarter. MUFG Securities EMEA plc’s holdings in TJX Companies were worth $7,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Trust Point Inc. boosted its stake in shares of TJX Companies by 1.3% in the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock valued at $803,000 after buying an additional 66 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of TJX Companies by 1.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after buying an additional 66 shares in the last quarter. Tempus Wealth Planning LLC boosted its stake in shares of TJX Companies by 0.5% in the fourth quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after buying an additional 67 shares in the last quarter. Verde Capital Management boosted its stake in shares of TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock valued at $1,539,000 after buying an additional 67 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of TJX Companies by 3.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer’s stock valued at $371,000 after buying an additional 69 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Evercore reiterated an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research report on Thursday, May 21st. Weiss Ratings downgraded TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Finally, Truist Financial set a $190.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average price target of $174.58.

TJX Companies Stock Performance

NYSE TJX opened at $155.03 on Monday. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The stock has a market cap of $171.44 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 3.36 and a beta of 0.62. The business has a fifty day moving average of $156.85 and a 200-day moving average of $155.14. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

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, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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, analysts predict that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies’s payout ratio is presently 37.28%.

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.