Williamson Legacy Group LLC Has $506,000 Holdings in The TJX Companies, Inc. $TJX

by · The Cerbat Gem

Williamson Legacy Group LLC lessened its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 62.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,297 shares of the apparel and home fashions retailer’s stock after selling 5,484 shares during the period. Williamson Legacy Group LLC’s holdings in TJX Companies were worth $506,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in TJX Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock valued at $15,780,919,000 after acquiring an additional 771,882 shares during the period. Capital International Investors grew its stake 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 valued at $2,266,066,000 after acquiring an additional 630,574 shares during the period. Ameriprise Financial Inc. grew its stake in TJX Companies by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock valued at $1,939,435,000 after acquiring an additional 392,097 shares during the period. Amundi grew its stake in TJX Companies by 22.1% in 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 acquiring an additional 1,761,281 shares during the period. Finally, Nordea Investment Management AB grew its stake in TJX Companies by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock valued at $1,155,830,000 after acquiring an additional 420,232 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TJX. Weiss Ratings lowered TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Evercore restated an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a report on Thursday, May 21st. BTIG Research raised their target price on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their target price on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Argus upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $174.58.

Get Our Latest Analysis on TJX

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction 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 sale, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.5%

TJX stock opened at $159.02 on Wednesday. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average is $156.81 and its 200-day moving average is $154.92. The firm has a market capitalization of $175.85 billion, a PE ratio of 30.88, a P/E/G ratio of 3.44 and a beta of 0.64.

TJX Companies (NYSE:TJXGet Free Report) last posted its 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 return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.15 EPS 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. Investors of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. TJX Companies’s dividend payout ratio is 37.28%.

TJX Companies Company Profile

(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.

See Also

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