Sun Financial Inc Purchases New Stake in The TJX Companies, Inc. $TJX

Key Points

• Sun Financial bought a new stake of 9,075 shares of TJX in Q4, valued at about $1.394 million per its Form 13F filing.
• TJX beat Q4 estimates with $1.43 EPS and $17.74B revenue, set FY2027 guidance at $4.93–5.02 EPS (Q1 guidance $0.97–0.99), and has a MarketBeat consensus "Buy" with an average price target of $167.55.
• Dividend raised to $0.48 quarterly (from $0.43) for a $1.92 annualized payout (~1.2% yield; ex-dividend May 14, paid June 4), while CEO Ernie Herrman sold 30,000 shares (~$4.83M), reducing his stake.

Sun Financial Inc purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,075 shares of the apparel and home fashions retailer's stock, valued at approximately $1,394,000.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. Joseph Group Capital Management acquired a new stake in TJX Companies in the fourth quarter worth $27,000. Miller Global Investments LLC acquired a new stake in TJX Companies in the fourth quarter worth $28,000. Dogwood Wealth Management LLC increased its position in TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 92 shares during the period. Imprint Wealth LLC acquired a new stake in TJX Companies in the third quarter worth $27,000. Finally, GGM Financials LLC acquired a new stake in TJX Companies in the third quarter worth $27,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.1%

NYSE:TJX opened at $156.94 on Monday. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The stock has a market cap of $173.70 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 3.61 and a beta of 0.64. The business has a fifty day moving average of $158.51 and a 200-day moving average of $153.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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 business had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $17.36 billion. During the same quarter last year, the business posted $1.23 earnings per share. The company's quarterly 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. Equities analysts predict that The TJX Companies, Inc. will post 5.06 earnings per share for the current year.

TJX Companies Increases Dividend

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

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 target price on shares of TJX Companies in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research report on Thursday, January 8th. Barclays increased their target price on TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. 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 report on Thursday, February 26th. Finally, Telsey Advisory Group increased their target price on TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $167.55.

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 dated Monday, March 2nd. The stock was 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.