Waddell & Associates LLC Increases Position in The TJX Companies, Inc. $TJX

Waddell & Associates LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 207.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,104 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,443 shares during the period. Waddell & Associates LLC’s holdings in TJX Companies were worth $784,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new position in TJX Companies during the fourth quarter worth about $26,000. IMG Wealth Management Inc. boosted its holdings in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Joseph Group Capital Management acquired a new position in TJX Companies during the 4th quarter worth approximately $27,000. Finally, Miller Global Investments LLC purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $28,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TJX shares. Truist Financial set a $190.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Robert W. Baird raised their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Argus raised shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. boosted their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, UBS Group restated a “buy” rating on shares of TJX Companies in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $174.58.

TJX Companies Trading Down 0.5%

Shares of TJX opened at $159.91 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $156.88 and a 200-day simple moving average of $155.61. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The stock has a market cap of $176.65 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 3.49 and a beta of 0.62.

TJX Companies (NYSE:TJX) 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, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies’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. Equities analysts forecast that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a $0.48 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s payout ratio is currently 37.28%.

Insider Transactions at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were 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 $10,330,597.89. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the transaction, the chief executive officer directly owned 552,850 shares in the company, valued at $87,051,761. The trade was a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 73,786 shares of company stock worth $11,695,268. 0.13% of the stock is owned by insiders.

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.