Cumberland Partners Ltd Increases Holdings in The TJX Companies, Inc. $TJX

Key Points

• Cumberland Partners Ltd boosted its TJX stake by 117.1% in Q1, buying 61,846 additional shares and bringing its total holding to 114,648 shares worth about $18.3 million.
• TJX reported stronger-than-expected quarterly results, with EPS of $1.19 versus the $1.02 estimate and revenue of $14.32 billion, up 9.2% year over year.
• Wall Street remains constructive on TJX: the stock carries a consensus “Buy” rating, a median price target of $176.89, and the company also announced a quarterly dividend of $0.48 per share.

Cumberland Partners Ltd increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 117.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,648 shares of the apparel and home fashions retailer's stock after purchasing an additional 61,846 shares during the quarter. TJX Companies accounts for approximately 1.4% of Cumberland Partners Ltd's investment portfolio, making the stock its 24th largest holding. Cumberland Partners Ltd's holdings in TJX Companies were worth $18,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock valued at $25,000 after acquiring an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth $26,000. Joseph Group Capital Management purchased a new position in shares of TJX Companies during the fourth quarter worth $27,000. Finally, IMG Wealth Management Inc. lifted its position in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock valued at $27,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Up 0.4%

TJX stock opened at $154.15 on Friday. The TJX Companies, Inc. has a 52 week low of $123.78 and a 52 week high of $170.00. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $157.19 and a 200-day simple moving average of $156.53. The stock has a market capitalization of $170.29 billion, a P/E ratio of 29.93, a P/E/G ratio of 3.33 and a beta of 0.63.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results 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. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the company posted $0.92 EPS. TJX Companies's quarterly revenue was up 9.2% compared to the same quarter last year. 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. Equities analysts forecast that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's payout ratio is currently 37.28%.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of TJX Companies in a report on Thursday, May 21st. Barclays reissued an "overweight" rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. UBS Group restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, June 9th. BTIG Research raised their target price on TJX Companies from $185.00 to $190.00 and gave the stock a "buy" 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 research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $176.89.

Insider Transactions at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer directly owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. This represents a 8.84% 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 sold 130,367 shares of company stock valued at $20,959,476. Insiders own 0.15% of the company's stock.

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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