South Street Advisors LLC Has $25.49 Million Position in The TJX Companies, Inc. $TJX

Key Points

• South Street Advisors LLC trimmed its TJX stake by 9.6% in the fourth quarter, but still held 165,955 shares worth about $25.49 million, making TJX its 9th-largest position.
• TJX delivered better-than-expected earnings, reporting $1.19 EPS on $14.32 billion in revenue, and it also raised its quarterly dividend to $0.48 per share from $0.43.
• Wall Street remains upbeat on the stock, with analysts giving TJX a consensus Buy rating and an average price target of $174.58.

South Street Advisors LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,955 shares of the apparel and home fashions retailer's stock after selling 17,544 shares during the quarter. TJX Companies makes up 3.6% of South Street Advisors LLC's portfolio, making the stock its 9th biggest position. South Street Advisors LLC's holdings in TJX Companies were worth $25,492,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its holdings in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. Entrust Financial LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $26,000. GGM Financials LLC bought a new position in shares of TJX Companies during the third quarter valued at $27,000. Joseph Group Capital Management bought a new position in shares of TJX Companies during the fourth quarter valued at $27,000. Finally, IMG Wealth Management Inc. increased its holdings in shares of TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TJX. Robert W. Baird raised their price target on TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Sanford C. Bernstein restated an "outperform" rating on shares of TJX Companies in a report on Thursday, May 21st. Wells Fargo & Company restated an "outperform" rating and set a $160.00 price target (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Argus raised TJX Companies to a "strong-buy" rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $174.58.

TJX Companies Trading Down 1.4%

Shares of NYSE:TJX opened at $154.82 on Friday. The stock has a market capitalization of $171.20 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 3.41 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The stock's 50-day simple moving average is $156.81 and its two-hundred day simple moving average is $155.08. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82.

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

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given 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 annualized dividend and a yield of 1.2%. TJX Companies's payout ratio is 37.28%.

Insider Transactions at TJX Companies

In other TJX Companies 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 value of $4,828,500.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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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