Vestcor Inc Grows Holdings in The TJX Companies, Inc. $TJX

Key Points

• Vestcor Inc increased its TJX stake by 31.3% in the fourth quarter, adding 10,366 shares and bringing its total to 43,476 shares worth about $6.68 million.
• TJX posted strong fiscal Q1 results, with 6% comparable sales growth and 29% EPS growth, and it raised guidance after beating revenue and profit estimates.
• Analysts remain bullish on TJX, with a consensus “Buy” rating and a consensus target price of $174.58, even as the stock trades near its 52-week high and insiders recently sold shares.

Vestcor Inc raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,476 shares of the apparel and home fashions retailer's stock after purchasing an additional 10,366 shares during the period. Vestcor Inc's holdings in TJX Companies were worth $6,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Dogwood Wealth Management LLC lifted its holdings in TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 92 shares in the last quarter. Entrust Financial LLC purchased a new position in TJX Companies in the 4th quarter valued at about $26,000. GGM Financials LLC acquired a new position in shares of TJX Companies during the 3rd quarter valued at about $27,000. Imprint Wealth LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth about $27,000. Finally, Joseph Group Capital Management purchased a new position in shares of TJX Companies during the 4th quarter worth about $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX posted strong fiscal Q1 results, including 6% comparable sales growth and 29% EPS growth, and raised guidance, supporting the stock’s recent strength.
• Positive Sentiment: Analysts remain constructive on The TJX Companies, Inc., with a consensus “Buy” view and continued praise for its growth and defensive retail appeal.
• Positive Sentiment: UBS singled out TJX as a preferred consumer stock, citing its ability to grow, deliver strong returns, and exceed expectations.
• Neutral Sentiment: Recent stock gains have pushed TJX near its 52-week high, which may attract both momentum buyers and some profit-taking.
• Negative Sentiment: CEO Ernie Herrman and CFO John Klinger sold shares this week, which may weigh on sentiment even though the transactions were disclosed as routine filings.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TJX shares. Barclays reiterated an "overweight" rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Evercore reiterated an "outperform" rating and set a $175.00 price objective on shares of TJX Companies in a report on Thursday, May 21st. Telsey Advisory Group increased their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus target price of $174.58.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the sale, the chief executive officer owned 514,848 shares of the company's stock, valued at approximately $82,725,776.64. This represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 73,786 shares of company stock valued at $11,695,268. Corporate insiders own 0.13% of the company's stock.

TJX Companies Trading Up 1.3%

Shares of TJX stock opened at $160.69 on Friday. The firm's 50-day simple moving average is $156.84 and its 200-day simple moving average is $155.43. The firm has a market cap of $177.51 billion, a P/E ratio of 31.20, a PEG ratio of 3.45 and a beta of 0.62. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a dividend of $0.48 per share. This is a boost from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies's dividend payout ratio is currently 37.28%.

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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