Arax Advisory Partners Sells 30,733 Shares of The TJX Companies, Inc. $TJX

Key Points

• Arax Advisory Partners reduced its TJX stake by 49.7% in the fourth quarter, selling 30,733 shares and leaving it with 31,085 shares valued at about $4.8 million.
• TJX reported strong quarterly results, with EPS of $1.19 beating estimates and revenue of $14.32 billion topping expectations, while sales rose 9.2% year over year.
• The company also announced a quarterly dividend of $0.48 per share and continues to receive mostly bullish Wall Street coverage, with analysts maintaining a Buy-leaning consensus and several raising price targets.

Arax Advisory Partners cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 49.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,085 shares of the apparel and home fashions retailer's stock after selling 30,733 shares during the period. Arax Advisory Partners' holdings in TJX Companies were worth $4,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock worth $26,000 after purchasing an additional 92 shares during the last quarter. Entrust Financial LLC bought a new stake in TJX Companies during the fourth quarter worth $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the fourth quarter worth $26,000. Finally, GGM Financials LLC bought a new stake in TJX Companies during the third quarter worth $27,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $168.42 on Monday. The company has a market capitalization of $186.05 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 3.65 and a beta of 0.62. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $170.00. The stock has a fifty day simple moving average of $157.61 and a 200 day simple moving average of $156.13. 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 - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. 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 5.17 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, August 13th. TJX Companies's dividend payout ratio is presently 37.28%.

Key TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Analyst coverage remained constructive, including Erste Group raising earnings estimates for FY2027 and FY2028, adding to expectations that TJX can continue delivering solid profit growth.
• Positive Sentiment: Recent articles pointed to TJX hitting a 52-week high, supported by strong customer traffic, off-price demand, and global expansion, which can fuel investor confidence in continued momentum.
• Positive Sentiment: The company’s quarterly dividend announcement underscores a steady cash-return profile and may appeal to income-oriented investors.
• Neutral Sentiment: Several headlines described TJX as a strong momentum or growth stock, but these were largely commentary pieces rather than new fundamental developments.
• Neutral Sentiment: Director Jackwyn Nemerov’s sale of TJX shares and Chairman Carol Meyrowitz’s larger share sale may draw attention, but insider selling does not necessarily indicate a change in business fundamentals.
• Negative Sentiment: Some coverage noted ongoing risks from costs and the broader macroeconomic environment, which could pressure margins if conditions weaken.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the sale, the chief executive officer directly owned 514,848 shares in the company, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company's stock, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 130,367 shares of company stock valued at $20,959,476. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TJX. Argus upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, March 3rd. BTIG Research upped their price target on shares of TJX Companies from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Barclays reiterated an "overweight" rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Telsey Advisory Group upped their price target on shares of TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Finally, Evercore reiterated an "outperform" rating and set a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company's stock. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus target price of $174.58.

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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.