LPL Financial LLC Boosts Stake in The TJX Companies, Inc. $TJX

Key Points

• LPL Financial LLC increased its TJX stake by 8.5% in the fourth quarter, adding 109,752 shares and ending with 1.41 million shares valued at about $215.9 million.
• TJX posted strong quarterly results, reporting EPS of $1.19 versus the $1.02 consensus and revenue of $14.32 billion, with revenue up 9.2% year over year.
• Wall Street remains upbeat on TJX, with a consensus Buy rating and an average price target of $174.58, even as CEO Ernie Herrman and CFO John Klinger recently sold shares.

LPL Financial LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,405,488 shares of the apparel and home fashions retailer's stock after buying an additional 109,752 shares during the quarter. LPL Financial LLC owned 0.13% of TJX Companies worth $215,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. Brighton Jones LLC raised its position in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC raised its position in TJX Companies by 12.1% in 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 purchasing an additional 235 shares during the period. Bison Wealth LLC raised its position in TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after purchasing an additional 955 shares during the period. United Bank raised its position in TJX Companies by 7.6% in the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock worth $2,013,000 after purchasing an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. purchased a new position in TJX Companies in the 2nd quarter worth $244,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TJX. UBS Group reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Argus upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Robert W. Baird lifted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Buy" and an average target price of $174.58.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $164.57 on Wednesday. The firm has a market cap of $181.80 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 3.47 and a beta of 0.62. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82. 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 company's fifty day simple moving average is $157.07 and its two-hundred day simple moving average is $155.74.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company's revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. 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 analysts expect that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 10,002 shares of TJX Companies stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares of the company's stock, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. The trade was a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 73,786 shares of company stock worth $11,695,268. Insiders own 0.13% of the company's stock.

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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