Donoghue Forlines LLC Invests $2.26 Million in The TJX Companies, Inc. $TJX

Donoghue Forlines LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,721 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,261,000.

Other institutional investors have also modified their holdings of the company. Joseph Group Capital Management purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $27,000. Miller Global Investments LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $28,000. Dogwood Wealth Management LLC boosted its stake 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 worth $26,000 after acquiring an additional 92 shares in the last quarter. Imprint Wealth LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth approximately $27,000. Finally, GGM Financials LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction 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 of the company’s stock, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TJX shares. Weiss Ratings lowered TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. BTIG Research reaffirmed 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. Argus raised TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Price Performance

TJX stock opened at $147.50 on Friday. 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 quick ratio of 0.59 and a current ratio of 1.14. The stock’s 50 day moving average price is $157.36 and its 200 day moving average price is $154.19. The firm has a market cap of $163.10 billion, a P/E ratio of 30.23, a PEG ratio of 3.38 and a beta of 0.64.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same quarter in the prior year, the company earned $1.23 EPS. TJX Companies’s revenue was up 8.5% on a year-over-year basis. 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, sell-side analysts expect that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio is currently 34.84%.

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.