Carnegie Investment Counsel Sells 8,827 Shares of The TJX Companies, Inc. $TJX

Key Points

• Carnegie Investment Counsel trimmed its position in The TJX Companies by 4.1% in Q4, selling 8,827 shares and leaving 204,472 shares valued at about $31.41 million.
• CEO Ernie Herrman sold 30,000 shares on March 2 at an average $160.95 (≈$4.83M), reducing his ownership by 5.89% to 479,316 shares.
• TJX beat Q results with $1.43 EPS versus $1.38 expected and $17.74B revenue (up 8.5% YoY), issued FY2027 EPS guidance of 4.93–5.02, and raised its quarterly dividend to $0.48 (annualized $1.92, 1.2% yield).

Carnegie Investment Counsel reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,472 shares of the apparel and home fashions retailer's stock after selling 8,827 shares during the period. Carnegie Investment Counsel's holdings in TJX Companies were worth $31,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Miller Global Investments LLC bought a new stake in shares of TJX Companies during the fourth quarter worth about $28,000. Dogwood Wealth Management LLC grew its holdings in shares of 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. Imprint Wealth LLC bought a new stake in shares of TJX Companies during the third quarter worth about $27,000. GGM Financials LLC bought a new stake in shares of TJX Companies during the third quarter worth about $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of TJX Companies during the third quarter worth about $28,000. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

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 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 approximately $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $161.63 on Friday. The business's 50 day simple moving average is $157.35 and its 200 day simple moving average is $151.96. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The stock has a market capitalization of $178.89 billion, a PE ratio of 33.12, a PEG ratio of 3.79 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $17.36 billion. During the same period in the prior year, the business posted $1.23 earnings per share. The firm's 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. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share 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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.2%. This is a boost 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 presently 34.84%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Telsey Advisory Group boosted their price target on TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Barclays upped their target price on TJX Companies from $172.00 to $183.00 and gave the company an "overweight" 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. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of TJX Companies in a report on Tuesday, January 6th. Finally, Robert W. Baird set a $168.00 target price on TJX Companies in a report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price 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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