QRG Capital Management Inc. Increases Stake in The TJX Companies, Inc. $TJX

QRG Capital Management Inc. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,680 shares of the apparel and home fashions retailer's stock after buying an additional 17,741 shares during the quarter. QRG Capital Management Inc.'s holdings in TJX Companies were worth $41,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TJX. Brighton Jones LLC grew its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC grew 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 valued at $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC grew its holdings 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 buying an additional 955 shares in the last quarter. United Bank grew its holdings 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 valued at $2,013,000 after buying an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. purchased a new stake in TJX Companies during the 2nd quarter valued at approximately $244,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. UBS Group reaffirmed a "buy" rating on shares of TJX Companies in a report on Wednesday, March 4th. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research report on Thursday, January 8th. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 target price on shares of TJX Companies in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $167.55.

Insider Transactions at TJX Companies

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

TJX Companies Stock Down 1.4%

NYSE TJX opened at $154.60 on Tuesday. 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 company has a market capitalization of $171.12 billion, a P/E ratio of 31.68, a P/E/G ratio of 3.61 and a beta of 0.64. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The stock has a 50 day moving average price of $158.51 and a 200-day moving average price of $153.72.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. 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, equities analysts predict that The TJX Companies, Inc. will post 5.06 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors 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 is 34.84%.

TJX Companies Company 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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