6,392 Shares in The TJX Companies, Inc. $TJX Bought by Quent Long Short Global Small Cap Fund LP

Key Points

• Quent Long Short Global Small Cap Fund LP bought a new position of 6,392 shares (~$982,000) in TJX, while institutional investors own about 91.09% of the company.
• TJX beat quarterly estimates with $1.43 EPS vs. $1.38 expected and $17.74B revenue (up 8.5% YoY), and set FY2027 guidance of 4.93–5.02 EPS (consensus ~5.06).
• The company raised its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield), and CEO Ernie Herrman sold 30,000 shares, reducing his stake by 5.89%.

Quent Long Short Global Small Cap Fund LP bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,392 shares of the apparel and home fashions retailer's stock, valued at approximately $982,000.

Other institutional investors also recently bought and sold shares of the company. Banco Santander S.A. raised its holdings in TJX Companies by 24.6% during the third quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer's stock valued at $23,180,000 after acquiring an additional 31,631 shares during the period. Family Capital Trust Co raised its holdings in TJX Companies by 1,080.0% during the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer's stock valued at $2,077,000 after acquiring an additional 12,377 shares during the period. Nordea Investment Management AB raised its holdings in TJX Companies by 6.0% during 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. Rheos Capital Works Inc. raised its holdings in TJX Companies by 26.0% during the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer's stock valued at $53,480,000 after acquiring an additional 76,400 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in TJX Companies by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer's stock valued at $24,835,000 after acquiring an additional 8,006 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 0.0%

Shares of TJX opened at $158.42 on Friday. The company's fifty day moving average is $158.40 and its 200 day moving average is $153.02. 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 capitalization of $175.34 billion, a PE ratio of 32.46, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results 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 net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $17.36 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. TJX Companies's quarterly revenue 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. Sell-side analysts expect 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. Investors of record on Thursday, May 14th will be given a $0.48 dividend. This is a boost from TJX Companies's previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, May 14th. TJX Companies's dividend payout ratio (DPR) is presently 34.84%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. UBS Group reiterated a "buy" rating on shares of TJX Companies in a research report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Finally, Weiss Ratings upgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, April 1st. 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 presently has a consensus rating of "Buy" and an average price target of $167.55.

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.

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