Spirepoint Private Client LLC Has $12.70 Million Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Spirepoint Private Client LLC increased its stake in The TJX Companies by 10.1% to 82,646 shares valued at $12.695 million, and several large funds also added to positions, leaving institutional ownership at about 91.09%.
• TJX beat Q4 estimates with $1.43 EPS (vs. $1.38 est.) and $17.74B revenue (+8.5% YoY), set FY2027 guidance of $4.93–5.02 EPS, and raised its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield).
• CEO Ernie Herrman sold 30,000 shares on March 2 for about $4.83 million, trimming his holding by roughly 5.89%.

Spirepoint Private Client LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,646 shares of the apparel and home fashions retailer's stock after acquiring an additional 7,573 shares during the period. TJX Companies makes up approximately 1.2% of Spirepoint Private Client LLC's holdings, making the stock its 21st biggest holding. Spirepoint Private Client LLC's holdings in TJX Companies were worth $12,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TJX. Alliancebernstein L.P. raised its position in shares of TJX Companies by 91.6% in the 3rd 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 acquiring an additional 3,208,458 shares during the period. Corient Private Wealth LLC increased its stake in TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock worth $620,406,000 after purchasing an additional 2,743,676 shares in the last quarter. Amundi increased its stake in TJX Companies by 22.1% during the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock worth $1,391,822,000 after purchasing an additional 1,761,281 shares in the last quarter. Mackenzie Financial Corp increased its stake in TJX Companies by 81.2% during the 3rd quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock worth $462,323,000 after purchasing an additional 1,433,801 shares in the last quarter. Finally, Steadfast Capital Management LP increased its stake in TJX Companies by 198.8% during the 3rd quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer's stock worth $296,779,000 after purchasing an additional 1,366,066 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

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

TJX Companies Price Performance

Shares of TJX opened at $165.02 on Friday. The stock has a market capitalization 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 TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The company has a 50 day moving average of $157.11 and a 200-day moving average of $151.80. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business 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 research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is an increase from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's dividend payout ratio (DPR) is 34.84%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BTIG Research reissued a "buy" rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Wells Fargo & Company reissued a "positive" rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 target price on shares of TJX Companies in a research note on Tuesday, January 6th. Weiss Ratings raised TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, April 1st. Finally, Barclays increased their target price on TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a research note on Thursday, February 26th. Four 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 presently has a consensus rating of "Buy" and an average target price of $167.55.

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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