Bokf Na Sells 9,513 Shares of The TJX Companies, Inc. $TJX

Bokf Na trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 78,783 shares of the apparel and home fashions retailer's stock after selling 9,513 shares during the period. Bokf Na's holdings in TJX Companies were worth $12,102,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TJX. Alliancebernstein L.P. lifted its stake in shares of TJX Companies by 91.6% in 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 during the last quarter. Corient Private Wealth LLC increased its holdings in TJX Companies by 120.7% in the second 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 purchasing an additional 2,743,676 shares during the period. Amundi increased its holdings 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 purchasing an additional 1,761,281 shares during the period. Mackenzie Financial Corp increased its holdings in TJX Companies by 81.2% in the third 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 purchasing an additional 1,433,801 shares during the period. Finally, Steadfast Capital Management LP increased its holdings in TJX Companies by 198.8% in the third 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 purchasing an additional 1,366,066 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $154.94 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $158.44 and a two-hundred day moving average price of $153.79. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a market cap of $171.34 billion, a P/E ratio of 31.75, a PEG ratio of 3.56 and a beta of 0.64.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period last year, the business posted $1.23 EPS. The business's revenue was up 8.5% compared to the same quarter last year. 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. As a group, analysts anticipate that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders 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%. The ex-dividend date is Thursday, May 14th. This is an increase from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's dividend payout ratio (DPR) is 34.84%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. Barclays increased their price objective on TJX Companies from $172.00 to $183.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. JPMorgan Chase & Co. increased their price objective on TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a report on Monday, February 23rd. Weiss Ratings upgraded TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a report on Wednesday, April 1st. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price objective on shares of TJX Companies in a report on Tuesday, January 6th. Finally, UBS Group restated a "buy" rating on shares of TJX Companies in a report on Wednesday, March 4th. Four investment analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of "Buy" and a consensus target price of $167.55.

TJX Companies 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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