Mitsubishi UFJ Asset Management Co. Ltd. grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,745,278 shares of the apparel and home fashions retailer's stock after buying an additional 83,222 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of TJX Companies worth $423,531,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in 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 last quarter. Revolve Wealth Partners LLC raised its holdings 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 purchasing an additional 235 shares during the last quarter. Bison Wealth LLC lifted its position 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 valued at $466,000 after purchasing an additional 955 shares during the period. United Bank boosted its stake in shares of 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 valued at $2,013,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $244,000. Institutional investors own 91.09% of the company's stock.
TJX Companies Trading Up 0.2%
TJX opened at $154.94 on Wednesday. The firm's fifty day moving average is $158.44 and its two-hundred day moving average is $153.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The firm has a market cap of $171.34 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.56 and a beta of 0.64. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82.
TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The firm's revenue 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.06 EPS for the current 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 paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This is a positive change 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%. TJX Companies's payout ratio is presently 34.84%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on TJX shares. Telsey Advisory Group boosted their price target on shares of TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th. UBS Group reaffirmed a "buy" rating on shares of TJX Companies in a report on Wednesday, March 4th. Weiss Ratings upgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, April 1st. JPMorgan Chase & Co. increased their price target on TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of "Buy" and an average target price of $167.55.
View Our Latest Stock Analysis on TJX Companies
Insider Activity
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 transaction of $4,828,500.00. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.
About TJX Companies
(
Free Report)
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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