The TJX Companies, Inc. $TJX Shares Acquired by Evoke Wealth LLC

Key Points

• Evoke Wealth LLC increased its TJX stake by 11.2% in the fourth quarter, buying 6,847 additional shares and bringing its total to 67,773 shares worth about $10.4 million.
• TJX reported a strong quarter with EPS of $1.19 and revenue of $14.32 billion, both above expectations, as revenue rose 9.2% year over year. The company also raised its full-year outlook after net income jumped about 28.5% and comparable sales beat plan.
• The company boosted its quarterly dividend to $0.48 per share from $0.43, while analysts remain generally positive with a consensus Buy rating and an average price target of about $174.58.

Evoke Wealth LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,773 shares of the apparel and home fashions retailer's stock after buying an additional 6,847 shares during the period. Evoke Wealth LLC's holdings in TJX Companies were worth $10,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Point Inc. lifted its position in 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 purchasing an additional 66 shares during the period. Jaffetilchin Investment Partners LLC lifted 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 purchasing an additional 66 shares during the period. Tempus Wealth Planning LLC lifted its position 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 worth $1,886,000 after purchasing an additional 67 shares during the period. Verde Capital Management lifted its position in TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer's stock worth $1,539,000 after purchasing an additional 67 shares during the period. Finally, Sound Income Strategies LLC lifted its position in TJX Companies by 3.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer's stock worth $371,000 after purchasing an additional 69 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies News Roundup

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX delivered better-than-expected Q1 results, including 9.2% revenue growth and EPS of $1.19, reinforcing that consumers are still spending at off-price retailers. TJX Q1 Deep Dive: Broad-Based Strength, Market Share Gains, and International Expansion
• Positive Sentiment: The company raised its full-year forecast after Q1 net income jumped about 28.5% and comparable sales came in above plan, which typically supports shares. TJX raises annual forecast after Q1 net income jumps 28.5%
• Positive Sentiment: Several analysts lifted price targets after the earnings beat, with firms such as BTIG, Baird, and Telsey highlighting upside from TJX’s strong execution and market-share gains. Wells Fargo Sticks to Their Hold Rating for TJX Companies (TJX)
• Neutral Sentiment: Not all analyst commentary was bullish, with Wells Fargo keeping a Hold rating, suggesting some caution despite the strong quarter. Analysts Conflicted on These Consumer Cyclical Names: TJX Companies (TJX), Choice Hotels (CHH) and Urban Outfitters (URBN)
• Neutral Sentiment: Broader retail coverage also points to TJX as a gauge of consumer health, alongside peers like Walmart and Ross Stores, which may add context but not a direct stock catalyst. Ross, TJX, and Walmart reveal how the real engine of the U.S. economy is doing

TJX Companies Price Performance

NYSE TJX opened at $158.29 on Friday. The stock has a market capitalization of $175.04 billion, a P/E ratio of 30.74, a P/E/G ratio of 3.56 and a beta of 0.64. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The business's fifty day moving average is $156.68 and its two-hundred day moving average is $154.59. 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 posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The company 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 firm's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, research analysts forecast that The TJX Companies, Inc. will post 5.13 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a $0.48 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies's dividend payout ratio is currently 37.28%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company's stock in a transaction on 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 owned 479,316 shares of the company's stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TJX shares. Argus upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein restated an "outperform" rating on shares of TJX Companies in a research report on Thursday. Telsey Advisory Group upped their target price on TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday. Weiss Ratings downgraded TJX Companies from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Friday, May 8th. Finally, Evercore restated an "outperform" rating and issued a $175.00 target price on shares of TJX Companies in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $174.58.

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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