Motley Fool Asset Management LLC Buys 28,289 Shares of The TJX Companies, Inc. $TJX

by · The Cerbat Gem

Motley Fool Asset Management LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 30.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 120,139 shares of the apparel and home fashions retailer’s stock after purchasing an additional 28,289 shares during the quarter. TJX Companies accounts for approximately 0.7% of Motley Fool Asset Management LLC’s portfolio, making the stock its 27th largest position. Motley Fool Asset Management LLC’s holdings in TJX Companies were worth $18,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Axiom Investors LLC DE grew its position in TJX Companies by 21.1% during the 4th quarter. Axiom Investors LLC DE now owns 871,469 shares of the apparel and home fashions retailer’s stock worth $133,866,000 after acquiring an additional 152,094 shares during the last quarter. Portfolio Design Labs LLC grew its position in TJX Companies by 1.8% during the 4th quarter. Portfolio Design Labs LLC now owns 33,706 shares of the apparel and home fashions retailer’s stock worth $5,178,000 after acquiring an additional 598 shares during the last quarter. Alteri Wealth LLC grew its position in TJX Companies by 3.4% during the 4th quarter. Alteri Wealth LLC now owns 4,636 shares of the apparel and home fashions retailer’s stock worth $712,000 after acquiring an additional 153 shares during the last quarter. Pettyjohn Wood & White Inc. grew its position in TJX Companies by 32.3% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 2,366 shares of the apparel and home fashions retailer’s stock worth $363,000 after acquiring an additional 577 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in TJX Companies by 2.4% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 31,796 shares of the apparel and home fashions retailer’s stock worth $4,884,000 after acquiring an additional 732 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. Weiss Ratings cut TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Citigroup reiterated a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Wells Fargo & Company reiterated an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $174.58.

View Our Latest Report on TJX Companies

TJX Companies Trading Up 3.0%

NYSE TJX opened at $164.57 on Wednesday. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The stock has a 50 day simple moving average of $157.07 and a two-hundred day simple moving average of $155.74. The stock has a market cap of $181.80 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 3.47 and a beta of 0.62.

TJX Companies (NYSE:TJX – Get Free Report) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business 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. On average, analysts forecast that The TJX Companies, Inc. will post 5.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

Insider Buying and Selling

In other news, CFO John Klinger sold 6,235 shares of the firm’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 owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the transaction, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. The trade was a 5.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 73,786 shares of company stock valued at $11,695,268. 0.13% of the stock is currently owned by company insiders.

About TJX Companies

(Free Report)

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.

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