Orion Porfolio Solutions LLC Buys 3,913 Shares of The TJX Companies, Inc. $TJX

Orion Porfolio Solutions LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.9% during the 3rd quarter, Holdings Channel reports. The firm owned 84,589 shares of the apparel and home fashions retailer’s stock after buying an additional 3,913 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in TJX Companies were worth $12,226,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of TJX Companies in the second quarter worth about $1,808,774,000. Laurel Wealth Advisors LLC grew its holdings in shares of TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after purchasing an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC increased its position in TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. ABN AMRO Bank N.V. bought a new position in TJX Companies during the second quarter valued at $244,687,000. Finally, Raymond James Financial Inc. grew its stake in shares of TJX Companies by 26.3% in the 2nd quarter. Raymond James Financial Inc. now owns 5,952,367 shares of the apparel and home fashions retailer’s stock worth $735,058,000 after buying an additional 1,238,124 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TJX. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. TD Cowen reissued a “buy” rating on shares of TJX Companies in a research note on Thursday, November 20th. Argus upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating and set a $170.00 target price on shares of TJX Companies in a research report on Tuesday, November 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $162.00 price target (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus price target of $167.55.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of TJX stock opened at $160.91 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The company has a market cap of $178.69 billion, a PE ratio of 32.97, a PEG ratio of 3.72 and a beta of 0.73. The business’s fifty day simple moving average is $155.25 and its 200-day simple moving average is $148.36. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $162.68.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the prior year, the company earned $1.23 EPS. TJX Companies’s quarterly 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. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 34.84%.

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.