The TJX Companies, Inc. $TJX Shares Sold by Comerica Bank

Key Points

• Comerica Bank trimmed its stake in The TJX Companies by 3.2% in Q4, selling 14,581 shares and leaving 440,965 shares valued at about $67.7 million; institutional investors now own roughly 91.09% of the stock.
• Several analysts have upgraded TJX and raised price targets (examples: Telsey to $175, BTIG to $185), leaving a consensus rating of "Buy" with an average target of $167.55.
• TJX beat quarterly expectations (EPS $1.43 vs. $1.38; revenue $17.74B vs. $17.36B), set FY2027 guidance of $4.93–$5.02 EPS, increased its quarterly dividend to $0.48, and CEO Ernie Herrman sold 30,000 shares.

Comerica Bank trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 440,965 shares of the apparel and home fashions retailer's stock after selling 14,581 shares during the period. Comerica Bank's holdings in TJX Companies were worth $67,737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares during the period. Bison Wealth LLC lifted its stake in shares of TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after purchasing an additional 955 shares during the period. United Bank lifted its stake in shares of TJX Companies by 7.6% in the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock valued at $2,013,000 after purchasing an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. acquired a new position in shares of TJX Companies in the 2nd quarter valued at $244,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the subject of several analyst reports. Telsey Advisory Group boosted their target price on shares of TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. BTIG Research reiterated 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. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a research note on Thursday, January 8th. Finally, Weiss Ratings upgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, April 1st. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $167.55.

TJX Companies Price Performance

Shares of NYSE TJX opened at $157.11 on Monday. The firm has a market cap of $173.89 billion, a PE ratio of 32.19, a PEG ratio of 3.61 and a beta of 0.73. The firm has a fifty day moving average of $158.45 and a 200 day moving average of $153.27. 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 one year low of $119.84 and a one year high of $165.82.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. 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. As a group, research analysts predict that The TJX Companies, Inc. will post 5.06 EPS 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. Investors of record on Thursday, May 14th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. This is a boost from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's payout ratio is presently 34.84%.

Insider Buying and Selling

In related 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 completion of the sale, the chief executive officer owned 479,316 shares of the company's stock, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

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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