Turtle Creek Wealth Advisors LLC Has $12.51 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Turtle Creek Wealth Advisors LLC raised its stake in The TJX Companies by 14.2% to 81,442 shares worth $12.51 million, representing 1.0% of its portfolio and the firm's 26th-largest holding.
• Several large institutions (e.g., AllianceBernstein, Corient, Amundi) also meaningfully increased positions, leaving institutional ownership at 91.09%, while analysts hold a consensus Buy rating with a $167.55 price target and several higher targets up to $185.
• TJX beat quarterly EPS and revenue estimates, set FY2027 EPS guidance of $4.93–5.02, and raised its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield).

Turtle Creek Wealth Advisors LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,442 shares of the apparel and home fashions retailer's stock after purchasing an additional 10,136 shares during the period. TJX Companies accounts for 1.0% of Turtle Creek Wealth Advisors LLC's portfolio, making the stock its 26th largest position. Turtle Creek Wealth Advisors LLC's holdings in TJX Companies were worth $12,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Alliancebernstein L.P. increased its holdings in shares of TJX Companies by 91.6% in the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock valued at $970,185,000 after purchasing an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock valued at $620,406,000 after purchasing an additional 2,743,676 shares in the last quarter. Amundi increased its holdings in shares of TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock valued at $1,391,822,000 after purchasing an additional 1,761,281 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of TJX Companies by 81.2% in the third quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock valued at $462,323,000 after purchasing an additional 1,433,801 shares in the last quarter. Finally, Steadfast Capital Management LP increased its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. Barclays raised their price target on shares of TJX Companies from $172.00 to $183.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. UBS Group reissued a "buy" rating on shares of TJX Companies in a report on Wednesday, March 4th. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $167.55.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on 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 transaction, the chief executive officer directly owned 479,316 shares of the company's stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Down 0.0%

Shares of NYSE TJX opened at $158.42 on Friday. The company's fifty day moving average is $158.40 and its 200-day moving average is $153.02. The stock has a market cap of $175.34 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 3.64 and a beta of 0.73. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. The company 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 business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts predict that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.48 per share. 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies's payout ratio is 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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