Border to Coast Pensions Partnership Ltd Sells 34,382 Shares of The TJX Companies, Inc. $TJX

Key Points

• Border to Coast sold 34,382 shares of TJX, reducing its stake by 9% to 346,355 shares worth about $53.3 million at the end of the quarter.
• Analysts are broadly bullish on TJX, with a MarketBeat consensus rating of Buy and a consensus target price of $167.55 after several firms raised price targets (e.g., JPMorgan to $173, BTIG to $185, Telsey to $175).
• TJX beat fiscal Q4 estimates on EPS and revenue, set FY2027 guidance of $4.930–$5.020 EPS, and raised its quarterly dividend to $0.48 (annualized $1.92).

Border to Coast Pensions Partnership Ltd reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,355 shares of the apparel and home fashions retailer's stock after selling 34,382 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in TJX Companies were worth $53,300,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Trust Point Inc. raised its stake in TJX Companies by 1.3% in the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer's stock worth $803,000 after buying an additional 66 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in TJX Companies by 1.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer's stock worth $651,000 after purchasing an additional 66 shares during the period. Tempus Wealth Planning LLC grew its holdings in TJX Companies by 0.5% in the fourth quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer's stock worth $1,886,000 after purchasing an additional 67 shares during the period. Sound Income Strategies LLC grew its holdings in TJX Companies by 3.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer's stock worth $371,000 after purchasing an additional 69 shares during the period. Finally, High Note Wealth LLC grew its holdings in TJX Companies by 12.1% in the third quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer's stock worth $96,000 after purchasing an additional 72 shares during the period. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TJX shares. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. BTIG Research restated a "buy" rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. UBS Group restated a "buy" rating on shares of TJX Companies in a report on Wednesday, March 4th. Telsey Advisory Group upped their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Finally, 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. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $167.55.

TJX Companies Price Performance

Shares of TJX opened at $160.34 on Thursday. The company has a market capitalization of $177.47 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 3.69 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $157.83 and a 200 day moving average of $152.43. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82.

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, beating the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share. 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, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company 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 dividend of $0.48 per share. 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. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies's payout ratio is 34.84%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The shares were 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 owned 479,316 shares of the company's stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company 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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