32,551 Shares in The TJX Companies, Inc. $TJX Bought by BNC Wealth Management LLC

Key Points

• BNC Wealth Management opened a new position in The TJX Companies by buying 32,551 shares (~$5.0M) in Q4, making TJX 1.3% of its portfolio (its 28th largest holding), while other large institutions significantly increased stakes and institutional ownership stands at 91.09%.
• CEO Ernie Herrman sold 30,000 shares on March 2 at an average price of $160.95 for about $4.83M, trimming his stake by 5.89%; company insiders now own 0.13% of the stock.
• Wall Street is broadly positive with a consensus "Buy" rating and a $167.55 target after TJX beat quarterly EPS and revenue, set FY2027 guidance of 4.93–5.02 EPS, and raised its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield).

BNC Wealth Management LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 32,551 shares of the apparel and home fashions retailer's stock, valued at approximately $5,000,000. TJX Companies makes up 1.3% of BNC Wealth Management LLC's investment portfolio, making the stock its 28th largest holding.

Other large investors also recently modified their holdings of the company. Alliancebernstein L.P. lifted its stake in TJX Companies by 91.6% during the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock valued at $970,185,000 after acquiring an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC lifted its stake in TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock valued at $620,406,000 after acquiring an additional 2,743,676 shares in the last quarter. Amundi lifted its stake in TJX Companies by 22.1% during the 3rd 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 in the last quarter. Mackenzie Financial Corp lifted its stake in TJX Companies by 81.2% during the 3rd quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock valued at $462,323,000 after acquiring an additional 1,433,801 shares in the last quarter. Finally, Steadfast Capital Management LP lifted its stake in TJX Companies by 198.8% during the 3rd quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer's stock valued at $296,779,000 after acquiring an additional 1,366,066 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 of the company's stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TJX. JPMorgan Chase & Co. raised their price objective on TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. BTIG Research restated a "buy" rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Robert W. Baird set a $168.00 price objective on TJX Companies in a research note on Wednesday, December 17th. Telsey Advisory Group raised their price objective on TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $167.55.

TJX Companies Trading Up 2.1%

Shares of TJX Companies stock opened at $165.02 on Friday. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The firm has a market cap of $182.65 billion, a PE ratio of 33.82, a P/E/G ratio of 3.72 and a beta of 0.73. The stock has a fifty day moving average price of $157.11 and a 200-day moving average price of $151.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same quarter last year, the firm posted $1.23 EPS. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. 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 anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a $0.48 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies's payout ratio is 34.84%.

About TJX Companies

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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