Cerity Partners LLC Acquires 1,543,480 Shares of The TJX Companies, Inc. $TJX

Cerity Partners LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 105.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,013,077 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,543,480 shares during the quarter. TJX Companies makes up approximately 0.7% of Cerity Partners LLC’s holdings, making the stock its 22nd largest holding. Cerity Partners LLC’s holdings in TJX Companies were worth $462,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in shares of 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 valued at $25,000 after acquiring an additional 89 shares during the last quarter. Dogwood Wealth Management LLC raised its position in shares of TJX Companies by 102.2% during 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 acquiring an additional 92 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at $26,000. GGM Financials LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at $27,000. Finally, Joseph Group Capital Management bought a new stake in shares of TJX Companies during the 4th quarter valued at $27,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Argus raised shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Citigroup reissued a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Robert W. Baird boosted their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $174.58.

TJX Companies Price Performance

Shares of TJX stock opened at $159.91 on Tuesday. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82. The firm has a market capitalization 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. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $156.88 and a 200-day moving average of $155.61.

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

TJX Companies Increases Dividend

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

Insiders Place Their Bets

In related news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their position. The sale 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 on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. The trade was a 5.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 73,786 shares of company stock valued at $11,695,268. Company insiders own 0.13% of the company’s stock.

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.