Reynders McVeigh Capital Management LLC Lowers Stock Position in The TJX Companies, Inc. $TJX

Reynders McVeigh Capital Management LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,685 shares of the apparel and home fashions retailer's stock after selling 8,166 shares during the period. TJX Companies accounts for about 2.2% of Reynders McVeigh Capital Management LLC's holdings, making the stock its 12th biggest position. Reynders McVeigh Capital Management LLC's holdings in TJX Companies were worth $46,803,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TJX. Brighton Jones LLC grew its position in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of TJX Companies by 12.1% during the fourth 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 last quarter. Bison Wealth LLC grew its position in shares of TJX Companies by 32.9% during the fourth 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 last quarter. United Bank grew its position in shares of TJX Companies by 7.6% during the second 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 last quarter. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of TJX Companies during the second quarter worth $244,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TJX Companies 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 owned 479,316 shares of the company's stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Up 0.1%

TJX stock opened at $156.94 on Monday. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The stock has a market capitalization of $173.70 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 3.61 and a beta of 0.64. 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 fifty day moving average of $158.51 and a 200-day moving average of $153.72.

TJX Companies (NYSE:TJX - Get Free Report) last released 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. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter last year, the company earned $1.23 earnings per share. TJX Companies's quarterly revenue was up 8.5% compared to the same quarter last year. 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, analysts expect 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 issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a 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 34.84%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. Argus raised shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, March 3rd. Weiss Ratings upgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, April 1st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $154.00 to $173.00 and gave the stock an "overweight" rating in a research note on Monday, February 23rd. Four investment analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company's stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and an average target price of $167.55.

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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