Benjamin Edwards Inc. Grows Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Benjamin Edwards Inc. grew its stake in The TJX Companies by 17.1%, adding 19,871 shares to hold 135,775 shares valued at about $20.86 million after the 4th quarter.
• Institutional ownership is high at 91.09%, with large investors (e.g., Nordea) increasing positions and analysts collectively assigning a consensus "Buy" rating and a $167.55 target price.
• TJX beat quarterly expectations (EPS $1.43 vs. $1.38; revenue $17.74B vs. $17.36B), set FY2027 guidance of 4.93–5.02 EPS, and raised the quarterly dividend to $0.48 ($1.92 annual, ~1.2% yield).

Benjamin Edwards Inc. grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,775 shares of the apparel and home fashions retailer's stock after acquiring an additional 19,871 shares during the quarter. Benjamin Edwards Inc.'s holdings in TJX Companies were worth $20,856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Banco Santander S.A. increased its position in TJX Companies by 24.6% during the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer's stock worth $23,180,000 after purchasing an additional 31,631 shares in the last quarter. Family Capital Trust Co increased its position in TJX Companies by 1,080.0% during the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer's stock worth $2,077,000 after purchasing an additional 12,377 shares in the last quarter. Nordea Investment Management AB increased its position in TJX Companies by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer's stock worth $1,155,830,000 after purchasing an additional 420,232 shares in the last quarter. Rheos Capital Works Inc. increased its position in TJX Companies by 26.0% during the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer's stock worth $53,480,000 after purchasing an additional 76,400 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in TJX Companies by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer's stock worth $24,835,000 after purchasing an additional 8,006 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research report on Thursday, January 8th. Argus upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, March 3rd. Telsey Advisory Group lifted their price target on TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. Weiss Ratings upgraded TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a report on Wednesday, April 1st. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $167.55.

TJX Companies Stock Performance

NYSE TJX opened at $156.94 on Friday. The firm has a market capitalization of $173.70 billion, a P/E ratio of 32.16, a P/E/G ratio of 3.61 and a beta of 0.64. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The business's 50-day simple moving average is $158.51 and its 200-day simple moving average is $153.65.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company's revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. 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 analysts predict that The TJX Companies, Inc. will post 5.06 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. Stockholders of record on Thursday, May 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is an increase from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's dividend payout ratio is presently 34.84%.

Insider Buying and Selling at TJX Companies

In other 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

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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