The TJX Companies, Inc. $TJX Stock Holdings Lowered by Provident Trust Co.

Key Points

• Provident Trust Co. reduced its stake in The TJX Companies by 5.4% in Q4, selling 145,314 shares and now holding 2,563,261 shares (about 0.23% of TJX) valued at roughly $393.7 million, making TJX its ninth-largest position.
• CEO Ernie Herrman sold 30,000 shares on March 2 at an average price of $160.95 for about $4.83 million, trimming his holding by 5.89%; company insiders collectively own 0.13% of the stock.
• TJX beat Q4 expectations with $1.43 EPS vs. $1.38 est. and $17.74B revenue (up 8.5% y/y), raised its quarterly dividend to $0.48 (1.2% yield), issued FY2027 EPS guidance of 4.93–5.02, and carries a consensus Buy rating (target ~$167.55).

Provident Trust Co. reduced its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,563,261 shares of the apparel and home fashions retailer's stock after selling 145,314 shares during the period. TJX Companies comprises 6.6% of Provident Trust Co.'s holdings, making the stock its 9th biggest position. Provident Trust Co. owned about 0.23% of TJX Companies worth $393,743,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Banco Santander S.A. raised its position in TJX Companies by 24.6% in the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer's stock valued at $23,180,000 after buying an additional 31,631 shares during the last quarter. Family Capital Trust Co raised its position in TJX Companies by 1,080.0% in the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer's stock valued at $2,077,000 after buying an additional 12,377 shares during the last quarter. Nordea Investment Management AB raised its position in TJX Companies by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer's stock valued at $1,155,830,000 after buying an additional 420,232 shares during the last quarter. Rheos Capital Works Inc. raised its position in TJX Companies by 26.0% in the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer's stock valued at $53,480,000 after buying an additional 76,400 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in TJX Companies by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer's stock valued at $24,835,000 after buying an additional 8,006 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction dated 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 sale, the chief executive officer owned 479,316 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

TJX Companies Trading Up 0.1%

Shares of TJX opened at $156.94 on Friday. The business has a 50-day moving average of $158.51 and a 200 day moving average of $153.65. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The firm has a market cap of $173.70 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 3.61 and a beta of 0.64. 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 quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping 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 company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same quarter last year, the firm posted $1.23 EPS. The firm's revenue for the quarter 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. As a group, research analysts forecast that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed 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 is an increase from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies's payout ratio is 34.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group reissued a "buy" rating on shares of TJX Companies in a research report on Wednesday, March 4th. Weiss Ratings raised TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, April 1st. Barclays increased their price target on TJX Companies from $172.00 to $183.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. BTIG Research reissued a "buy" rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research report on Thursday, January 8th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $167.55.

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.

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