Global Retirement Partners LLC Acquires 26,507 Shares of The TJX Companies, Inc. $TJX

Global Retirement Partners LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 71.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,602 shares of the apparel and home fashions retailer’s stock after purchasing an additional 26,507 shares during the period. Global Retirement Partners LLC’s holdings in TJX Companies were worth $9,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in TJX Companies by 0.8% during 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 buying an additional 771,882 shares during the period. Capital International Investors raised its holdings in shares of 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 valued at $2,266,066,000 after acquiring an additional 630,574 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 valued at $1,939,435,000 after acquiring an additional 392,097 shares in the last quarter. Amundi raised its holdings in shares of 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 valued at $1,391,822,000 after acquiring an additional 1,761,281 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings 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 in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. BTIG Research restated a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Weiss Ratings lowered TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Finally, Telsey Advisory Group increased their target price on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $169.25.

TJX Companies Stock Up 5.6%

Shares of TJX opened at $159.13 on Thursday. The stock has a fifty day simple moving average of $156.71 and a two-hundred day simple moving average of $154.44. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $175.97 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 3.45 and a beta of 0.64. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last 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. As a group, equities analysts forecast that The TJX Companies, Inc. will post 5.07 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis 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 39.34%.

Key Stories Impacting TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX beat Q1 estimates with EPS of $1.19 versus about $1.02 expected and revenue of $14.32 billion versus roughly $14.0 billion estimated, showing resilient demand at its off-price banners. TJX Reports Q1 FY27 Results
• Positive Sentiment: Comparable sales rose 6%, pretax margin improved to 12.0%, and management said traffic remained strong across its retail banners, suggesting the company is taking share from more cautious shoppers. Reuters TJX raises annual sales, profit forecasts
• Positive Sentiment: TJX raised its FY27 outlook for comparable sales, pretax margin, EPS, and buybacks, increasing its share repurchase target to $2.75 billion-$3.0 billion, which supports the stock’s bullish reaction. TJX Stock Is Rising. Why Investors Are Shrugging Off Cautious Guidance.
• Neutral Sentiment: The company’s second-quarter EPS outlook of $1.15-$1.17 is slightly below the consensus estimate, but investors appear to be focusing more on the strong quarter and upbeat full-year commentary than on the near-term caution.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.