State of Alaska Department of Revenue Has $24.70 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• State of Alaska Department of Revenue trimmed its stake in The TJX Companies by 5.1%, selling 8,630 shares and ending the quarter with 160,782 shares valued at about $24.70 million.
• TJX beat Q4 expectations with EPS of $1.43 vs. $1.38 and revenue of $17.74 billion (up 8.5% YoY), and set FY2027 guidance of 4.930–5.020 EPS (Q1 guidance 0.970–0.990).
• The company raised its quarterly dividend to $0.48 (from $0.43), annualized $1.92 for a ~1.2% yield, while analysts hold a consensus "Buy" rating with an average price target of $167.55.

State of Alaska Department of Revenue decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,782 shares of the apparel and home fashions retailer's stock after selling 8,630 shares during the quarter. State of Alaska Department of Revenue's holdings in TJX Companies were worth $24,697,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TJX. Brighton Jones LLC grew its position in shares of 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 worth $1,817,000 after buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its position in shares of 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 worth $262,000 after buying an additional 235 shares during the period. Bison Wealth LLC grew its position in shares of 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 worth $466,000 after buying an additional 955 shares during the period. United Bank grew its position in shares of 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 worth $2,013,000 after buying an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $244,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of TJX opened at $161.63 on Monday. 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 TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The firm's 50 day moving average price is $157.35 and its two-hundred day moving average price is $152.13. The firm has a market cap of $178.89 billion, a P/E ratio of 33.12, a PEG ratio of 3.72 and a beta of 0.73.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating 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 firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The business's revenue was up 8.5% on a year-over-year basis. 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. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies's payout ratio is presently 34.84%.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. Weiss Ratings raised shares of TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, April 1st. Telsey Advisory Group lifted their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a research note on Thursday, January 8th. BTIG Research reiterated a "buy" rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Finally, Argus upgraded TJX Companies to a "strong-buy" rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and an average price target of $167.55.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares of the company's stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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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