Roffman Miller Associates Inc. PA Sells 8,847 Shares of The TJX Companies, Inc. $TJX

Key Points

• Roffman Miller Associates Inc. PA trimmed its TJX stake by 5.2%, selling 8,847 shares and leaving 162,199 shares worth $24.915 million, making TJX about 1.4% of its holdings (its 25th largest position).
• CEO Ernie Herrman sold 30,000 shares at an average price of $160.95 for $4.83 million, reducing his ownership by 5.89% to 479,316 shares.
• TJX raised its quarterly dividend to $0.48 ($1.92 annually), and reported a quarterly beat with EPS $1.43 and revenue $17.74 billion, while setting FY2027 EPS guidance of $4.93–$5.02.

Roffman Miller Associates Inc. PA trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,199 shares of the apparel and home fashions retailer's stock after selling 8,847 shares during the period. TJX Companies comprises about 1.4% of Roffman Miller Associates Inc. PA's holdings, making the stock its 25th largest position. Roffman Miller Associates Inc. PA's holdings in TJX Companies were worth $24,915,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TJX. Alliancebernstein L.P. lifted its stake in shares of TJX Companies by 91.6% in the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock valued at $970,185,000 after buying an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock valued at $620,406,000 after buying an additional 2,743,676 shares in the last quarter. Amundi lifted its stake in shares of TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock valued at $1,391,822,000 after buying an additional 1,761,281 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of TJX Companies by 81.2% in the third quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock valued at $462,323,000 after buying an additional 1,433,801 shares in the last quarter. Finally, Steadfast Capital Management LP raised its holdings in shares of TJX Companies by 198.8% in the third quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer's stock valued at $296,779,000 after purchasing an additional 1,366,066 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the sale, the chief executive officer owned 479,316 shares in the company, 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 filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $165.02 on Friday. The firm has a 50-day moving average of $157.11 and a 200-day moving average of $151.80. The company has a market cap of $182.65 billion, a P/E ratio of 33.82, a P/E/G ratio of 3.72 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business 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 posted $1.23 earnings per share. The firm'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. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is a boost from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. TJX Companies's dividend payout ratio is 34.84%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Argus upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, March 3rd. Telsey Advisory Group increased their target price on shares of TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. Wells Fargo & Company reiterated a "positive" rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of TJX Companies in a report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a report on Thursday, January 8th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock has an average 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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