Harbour Investments Inc. Grows Position in The TJX Companies, Inc. $TJX

Key Points

• Harbour Investments Inc. boosted its TJX position by 211.8% in the fourth quarter, ending with 14,080 shares valued at about $2.16 million.
• TJX reported strong quarterly results, with earnings of $1.19 per share and revenue of $14.32 billion, both beating analyst estimates; revenue also rose 9.2% from a year earlier.
• The company raised its quarterly dividend to $0.48 per share, while analysts remain generally positive with a consensus rating of Buy and an average price target of $174.58.

Harbour Investments Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 211.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,080 shares of the apparel and home fashions retailer's stock after buying an additional 9,565 shares during the period. Harbour Investments Inc.'s holdings in TJX Companies were worth $2,163,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Entrust Financial LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at $26,000. IMG Wealth Management Inc. lifted its holdings in TJX Companies by 65.7% in 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 acquiring an additional 69 shares during the period. Joseph Group Capital Management bought a new position in TJX Companies in the fourth quarter valued at about $27,000. Miller Global Investments LLC bought a new position in TJX Companies in the fourth quarter valued at about $28,000. Finally, Dogwood Wealth Management LLC lifted its holdings in TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 92 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 1.4%

NYSE TJX opened at $154.82 on Friday. The stock's 50-day moving average price is $156.81 and its 200-day moving average price is $155.08. 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 TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82. The company has a market capitalization of $171.20 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 3.41 and a beta of 0.64.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter last year, the company earned $0.92 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts predict that The TJX Companies, Inc. will post 5.15 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.48 dividend. 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 dividend payout ratio is 37.28%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TJX. UBS Group reissued a "neutral" rating and issued a $197.00 target price (up from $193.00) on shares of TJX Companies in a report on Thursday, May 21st. Wells Fargo & Company reiterated an "outperform" rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Weiss Ratings cut shares of TJX Companies from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday, May 8th. Citigroup reiterated a "buy" rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, BTIG Research increased their price objective on shares of TJX Companies from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $174.58.

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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