The TJX Companies, Inc. $TJX Shares Sold by First Trust Advisors LP

Key Points

• First Trust Advisors LP trimmed its stake in The TJX Companies by 6.1%, selling 138,763 shares and leaving 2,147,432 shares worth about $310.39 million after the quarter.
• CEO Ernie Herrman sold 30,000 shares on March 2 at an average price of $160.95 for roughly $4.83 million, reducing his holding by 5.89% to 479,316 shares.
• 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, and carries a consensus Buy rating with an average target of $167.55.

First Trust Advisors LP lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,147,432 shares of the apparel and home fashions retailer's stock after selling 138,763 shares during the period. First Trust Advisors LP owned 0.19% of TJX Companies worth $310,390,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC grew its holdings in shares of TJX Companies by 102.2% during 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 in the last quarter. GGM Financials LLC acquired a new stake in shares of TJX Companies in the third quarter worth approximately $27,000. Lavaca Capital LLC acquired a new position in TJX Companies during the second quarter worth approximately $25,000. Highline Wealth Partners LLC increased its holdings in shares of TJX Companies by 65.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer's stock worth $33,000 after buying an additional 91 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in shares of TJX Companies in the 2nd quarter worth $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Guggenheim upgraded shares of TJX Companies to a "strong-buy" rating in a report on Wednesday, December 10th. Telsey Advisory Group boosted their target price on shares of TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, February 26th. Citigroup reiterated a "buy" rating and issued a $168.00 price objective (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research note on Thursday, January 8th. Finally, Wells Fargo & Company reiterated a "positive" rating and issued a $150.00 price target (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $167.55.

TJX Companies Price Performance

Shares of TJX stock opened at $159.61 on Friday. The firm has a fifty day moving average of $155.30 and a two-hundred day moving average of $148.55. The firm has a market cap of $177.24 billion, a P/E ratio of 32.71, a P/E/G ratio of 3.70 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $162.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion for 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 company's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 12th. TJX Companies's dividend payout ratio (DPR) is currently 34.84%.

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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