Guardian Capital LP Has $21.95 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• Guardian Capital LP boosted its stake in The TJX Companies by 18.5% in Q3 to 151,824 shares (an additional 23,664 shares), valued at about $21.95 million.
• CEO Ernie Herrman sold 30,000 shares at an average $160.95 on March 2 for roughly $4.83 million, reducing his holdings to 479,316 shares (a 5.89% decrease); corporate insiders own about 0.13% of the stock.
• Wall Street sentiment is broadly positive with a consensus "Buy" rating and average price target of $167.55, and TJX recently beat quarterly EPS and revenue estimates while setting FY2027 guidance of 4.93–5.02 EPS.

Guardian Capital LP increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 18.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,824 shares of the apparel and home fashions retailer's stock after purchasing an additional 23,664 shares during the quarter. Guardian Capital LP's holdings in TJX Companies were worth $21,945,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Dogwood Wealth Management LLC raised its stake in shares of TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 92 shares in the last quarter. GGM Financials LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $27,000. Lavaca Capital LLC bought a new stake in TJX Companies in the second quarter valued at about $25,000. Highline Wealth Partners LLC increased its stake in TJX Companies by 65.0% in the third quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer's stock valued at $33,000 after acquiring an additional 91 shares during the period. Finally, Howard Hughes Medical Institute acquired a new position in TJX Companies in the second quarter worth about $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of several analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, November 11th. JPMorgan Chase & Co. raised their target price on TJX Companies from $154.00 to $173.00 and gave the stock an "overweight" rating in a research report on Monday, February 23rd. Robert W. Baird set a $168.00 price target on TJX Companies in a research note on Wednesday, December 17th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Finally, BTIG Research reiterated a "buy" rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus price target of $167.55.

TJX Companies Stock Performance

NYSE:TJX opened at $159.61 on Friday. The stock has a market capitalization of $177.24 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 3.70 and a beta of 0.73. 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 TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $162.68. The firm has a 50 day moving average of $155.30 and a 200-day moving average of $148.55.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS 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 business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period in the prior year, the company earned $1.23 EPS. TJX Companies's revenue for the quarter 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, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th were paid a $0.425 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies's dividend payout ratio (DPR) is 34.84%.

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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