Stevens Capital Management LP Invests $1.31 Million in The TJX Companies, Inc. $TJX

Key Points

• Stevens Capital Management LP bought a new Q4 stake of 8,497 shares in The TJX Companies, valued at about $1.31 million.
• CEO Ernie Herrman sold 30,000 shares on March 2 at an average price of $160.95 for roughly $4.83 million, reducing his ownership by 5.89%.
• Analysts remain broadly positive (MarketBeat average rating: Buy, average target $167.55), and TJX raised its quarterly dividend to $0.48 ($1.92 annual, ~1.2% yield).

Stevens Capital Management LP purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,497 shares of the apparel and home fashions retailer's stock, valued at approximately $1,305,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Trust Point Inc. boosted its holdings in shares of TJX Companies by 1.3% in the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer's stock worth $803,000 after acquiring an additional 66 shares during the period. Jaffetilchin Investment Partners LLC grew its position in TJX Companies by 1.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer's stock worth $651,000 after acquiring an additional 66 shares in the last quarter. Tempus Wealth Planning LLC increased its stake in TJX Companies by 0.5% in the fourth quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer's stock valued at $1,886,000 after acquiring an additional 67 shares during the last quarter. Sound Income Strategies LLC raised its position in TJX Companies by 3.0% during the fourth quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer's stock valued at $371,000 after purchasing an additional 69 shares in the last quarter. Finally, Bigelow Investment Advisors LLC raised its position in TJX Companies by 0.6% during the fourth quarter. Bigelow Investment Advisors LLC now owns 11,006 shares of the apparel and home fashions retailer's stock valued at $1,691,000 after purchasing an additional 69 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TJX shares. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of TJX Companies in a report on Tuesday, January 6th. Weiss Ratings upgraded TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, April 1st. BTIG Research reaffirmed a "buy" rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. UBS Group reiterated a "buy" rating on shares of TJX Companies in a research report on Wednesday, March 4th. Finally, Barclays boosted their price objective on shares of TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $167.55.

Insider Activity

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 value of $4,828,500.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Up 0.2%

TJX opened at $154.94 on Wednesday. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The business's 50-day moving average price is $158.44 and its 200-day moving average price is $153.79. The company has a market cap of $171.34 billion, a P/E ratio of 31.75, a P/E/G ratio of 3.56 and a beta of 0.64.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $17.36 billion. During the same period in the prior year, the business posted $1.23 EPS. 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. On average, equities analysts expect that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The business also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies's payout ratio is currently 34.84%.

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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