Triasima Portfolio Management inc. Has $10.70 Million Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Triasima Portfolio Management increased its stake in TJX by 102.2% in Q4, buying 35,215 shares to hold 69,679 shares valued at about $10.70 million, making TJX its 19th-largest position (≈1.6% of the fund).
• CEO Ernie Herrman sold 30,000 shares on March 2 at an average price of $160.95 for roughly $4.83 million, a 5.89% reduction in his holdings; insiders now own 0.13% of the stock.
• TJX beat Q4 expectations with $1.43 EPS (vs. $1.38 est.) and $17.74B revenue (vs. $17.36B est.), set FY2027 EPS guidance of 4.93–5.02, and raised its quarterly dividend to $0.48 ($1.92 annually, ~1.2% yield) amid a consensus "Buy" analyst rating and $167.55 average price target.

Triasima Portfolio Management inc. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 102.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,679 shares of the apparel and home fashions retailer's stock after buying an additional 35,215 shares during the quarter. TJX Companies accounts for about 1.6% of Triasima Portfolio Management inc.'s holdings, making the stock its 19th biggest position. Triasima Portfolio Management inc.'s holdings in TJX Companies were worth $10,703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Dogwood Wealth Management LLC boosted its holdings in 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 purchasing an additional 92 shares during the last quarter. GGM Financials LLC purchased a new position in TJX Companies during the third quarter worth about $27,000. Joseph Group Capital Management purchased a new position in TJX Companies during the fourth quarter worth about $27,000. Imprint Wealth LLC purchased a new position in TJX Companies during the third quarter worth about $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in TJX Companies during the third quarter worth about $28,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.1%

TJX opened at $156.94 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The stock has a market cap of $173.70 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 3.61 and a beta of 0.64. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The company's 50-day moving average price is $158.51 and its two-hundred day moving average price is $153.72.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share. 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, equities analysts expect that The TJX Companies, Inc. will post 5.06 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a $0.48 dividend. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies's previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies's dividend payout ratio is presently 34.84%.

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. Argus upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, March 3rd. BTIG Research restated a "buy" rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. UBS Group restated a "buy" rating on shares of TJX Companies in a report on Wednesday, March 4th. Barclays boosted their price target on shares of TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target 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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