The TJX Companies, Inc. $TJX Shares Purchased by Huntington National Bank

Key Points

• Huntington National Bank increased its TJX stake by 3.5% in the fourth quarter, buying 24,501 additional shares and bringing its total holding to 720,117 shares worth about $110.6 million.
• TJX reported strong quarterly results, with EPS of $1.19 versus the $1.02 consensus and revenue of $14.32 billion, up 9.2% year over year.
• The company also raised its quarterly dividend to $0.48 per share from $0.43, while analysts mostly remain bullish with a consensus Buy rating and a target price of $174.58.

Huntington National Bank increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 720,117 shares of the apparel and home fashions retailer's stock after purchasing an additional 24,501 shares during the quarter. Huntington National Bank owned 0.06% of TJX Companies worth $110,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Alliancebernstein L.P. lifted its holdings in shares of TJX Companies by 91.6% during the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock worth $970,185,000 after purchasing an additional 3,208,458 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of TJX Companies by 120.7% during the second 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 during the period. Amundi lifted its holdings in shares of TJX Companies by 22.1% during the third 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 during the period. Mackenzie Financial Corp lifted its holdings in shares of TJX Companies by 81.2% during the third 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 during the period. Finally, Steadfast Capital Management LP boosted its holdings in TJX Companies by 198.8% in the third quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer's stock valued at $296,779,000 after purchasing an additional 1,366,066 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE:TJX opened at $156.95 on Thursday. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The firm has a market cap of $173.56 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 3.45 and a beta of 0.64. The firm's fifty day moving average is $156.82 and its two-hundred day moving average is $155.01.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period in the prior year, the company posted $0.92 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. 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. Research analysts expect that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's dividend payout ratio is currently 37.28%.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 479,316 shares of the company's stock, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of TJX Companies in a report on Thursday, May 21st. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Evercore reaffirmed an "outperform" rating and issued a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Argus raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings lowered shares of TJX Companies from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price 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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