MGO One Seven LLC Grows Stock Holdings in The TJX Companies, Inc. $TJX

MGO One Seven LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 19.0% during the fourth quarter, Holdings Channel reports. The fund owned 84,698 shares of the apparel and home fashions retailer’s stock after buying an additional 13,515 shares during the quarter. MGO One Seven LLC’s holdings in TJX Companies were worth $13,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of TJX Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock valued at $15,780,919,000 after buying an additional 771,882 shares during the last quarter. Capital International Investors lifted its holdings in shares of TJX Companies by 4.2% in the 3rd 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 buying an additional 630,574 shares during the period. Ameriprise Financial Inc. boosted its stake 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 worth $1,939,435,000 after buying an additional 392,097 shares during the last quarter. Amundi grew its holdings in TJX Companies by 22.1% during the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after acquiring an additional 1,761,281 shares during the period. Finally, Nordea Investment Management AB grew its holdings in TJX Companies by 6.0% during 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 acquiring an additional 420,232 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s 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 approximately $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Down 0.7%

TJX opened at $154.39 on Friday. The company has a market cap of $170.73 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 3.57 and a beta of 0.64. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The company has a 50-day moving average price of $158.32 and a 200 day moving average price of $153.96. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same period in the previous year, the firm posted $1.23 EPS. TJX Companies’s revenue was up 8.5% compared to the same quarter last year. 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. 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 announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. BTIG Research reaffirmed a “buy” rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Weiss Ratings raised shares of TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a research note on Thursday, January 8th. Finally, Argus raised shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus target price of $167.55.

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.