Crestwood Advisors Group LLC Decreases Stock Position in The TJX Companies, Inc. $TJX

Crestwood Advisors Group LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 462,572 shares of the apparel and home fashions retailer’s stock after selling 15,578 shares during the period. TJX Companies makes up approximately 1.2% of Crestwood Advisors Group LLC’s holdings, making the stock its 21st largest holding. Crestwood Advisors Group LLC’s holdings in TJX Companies were worth $71,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in TJX Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock worth $15,780,919,000 after purchasing an additional 771,882 shares during the period. Capital International Investors increased its stake in TJX Companies by 4.2% in the third quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock worth $2,266,066,000 after purchasing an additional 630,574 shares during the period. Ameriprise Financial Inc. increased its stake in TJX Companies by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock worth $1,939,435,000 after purchasing an additional 392,097 shares during the period. Amundi increased its stake in 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 worth $1,391,822,000 after purchasing an additional 1,761,281 shares during the period. Finally, Nordea Investment Management AB increased its stake in TJX Companies by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after purchasing an additional 420,232 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction 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 directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TJX. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research note on Thursday, January 8th. JPMorgan Chase & Co. increased their target price on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Argus upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, BTIG Research reiterated a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $167.55.

TJX Companies Price Performance

TJX opened at $154.39 on Friday. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $158.32 and its 200-day simple moving average is $153.96. The company has a market capitalization of $170.73 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 3.57 and a beta of 0.64.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business 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 $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio is presently 34.84%.

TJX Companies Company 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.