The TJX Companies, Inc. $TJX Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 258,876 shares of the apparel and home fashions retailer’s stock after selling 9,024 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TJX Companies were worth $39,766,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Trust Point Inc. raised its position in TJX Companies by 1.3% in the 4th quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock valued at $803,000 after purchasing an additional 66 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its position in TJX Companies by 1.6% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after purchasing an additional 66 shares in the last quarter. Tempus Wealth Planning LLC raised its position in TJX Companies by 0.5% in the 4th quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after purchasing an additional 67 shares in the last quarter. Verde Capital Management raised its position in TJX Companies by 0.7% in the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock valued at $1,539,000 after purchasing an additional 67 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in TJX Companies by 3.0% in the 4th quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer’s stock valued at $371,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TJX. Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. JPMorgan Chase & Co. increased their price target on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. UBS Group reissued a “neutral” rating and set a $197.00 target price (up from $193.00) on shares of TJX Companies in a research report on Thursday, May 21st. Evercore reissued an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Telsey Advisory Group raised their target price on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $174.58.

TJX Companies Price Performance

Shares of NYSE TJX opened at $155.03 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. 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 capitalization of $171.44 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 3.36 and a beta of 0.64. The stock’s 50-day simple moving average is $156.85 and its 200-day simple moving average is $155.08.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter last year, the company earned $0.92 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. 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 research analysts forecast that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced 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 boost 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 dividend yield of 1.2%. TJX Companies’s dividend payout ratio is 37.28%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.