IPG Investment Advisors LLC Takes Position in The TJX Companies, Inc. $TJX

Key Points

• IPG Investment Advisors LLC opened a new position in TJX Companies in the fourth quarter, buying 10,373 shares worth about $1.59 million.
• TJX reported strong quarterly results, with EPS of $1.19 versus $1.02 expected and revenue of $14.32 billion, up 9.2% year over year.
• The company also raised its quarterly dividend to $0.48 per share from $0.43, while analysts remain broadly bullish with a Buy consensus rating and a $174.58 price target.

IPG Investment Advisors LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,373 shares of the apparel and home fashions retailer's stock, valued at approximately $1,593,000.

A number of other institutional investors also recently modified their holdings of TJX. Brighton Jones LLC boosted its position in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC increased its stake in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after acquiring an additional 235 shares during the period. Bison Wealth LLC increased its stake in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after acquiring an additional 955 shares during the period. United Bank increased its stake in TJX Companies by 7.6% during the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock worth $2,013,000 after acquiring an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. bought a new position in TJX Companies during the 2nd quarter worth $244,000. Institutional investors own 91.09% of the company's stock.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies 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 in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $156.95 on Thursday. The company has a 50 day moving average of $156.82 and a 200-day moving average of $155.01. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The company has a market cap of $173.56 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 3.45 and a beta of 0.64.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $14.02 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. The business's revenue for the quarter was up 9.2% on a year-over-year basis. 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. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a $0.48 dividend. This is a boost from TJX Companies's previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, May 14th. TJX Companies's dividend payout ratio (DPR) is presently 37.28%.

Analyst Ratings Changes

A number of equities analysts have commented on TJX shares. Argus upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, March 3rd. BTIG Research boosted their price target on TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Evercore reaffirmed an "outperform" rating and issued a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Robert W. Baird boosted their price target on TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $174.58.

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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