Platform Wealth Management LLC Acquires Shares of 43,502 The TJX Companies, Inc. $TJX

Platform Wealth Management LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, HoldingsChannel reports. The firm acquired 43,502 shares of the apparel and home fashions retailer’s stock, valued at approximately $6,682,000. TJX Companies accounts for 1.8% of Platform Wealth Management LLC’s holdings, making the stock its 16th largest position.

A number of other institutional investors also recently bought and sold shares of TJX. Banco Santander S.A. boosted its holdings in shares of TJX Companies by 24.6% in the third quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock valued at $23,180,000 after acquiring an additional 31,631 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of TJX Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after acquiring an additional 32,407 shares in the last quarter. Family Capital Trust Co boosted its holdings in shares of TJX Companies by 1,080.0% in the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after acquiring an additional 12,377 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of 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 valued at $1,155,830,000 after acquiring an additional 420,232 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in shares of TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after acquiring an additional 8,006 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the topic of several analyst reports. Argus raised shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Barclays reaffirmed an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Telsey Advisory Group lifted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $174.58.

TJX Companies Stock Up 2.8%

TJX stock opened at $158.04 on Thursday. The company has a market cap of $174.58 billion, a P/E ratio of 30.69, a P/E/G ratio of 3.34 and a beta of 0.62. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82. The company’s 50-day moving average price is $156.81 and its 200 day moving average price is $155.31. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. 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, research analysts expect that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies’s payout ratio is presently 37.28%.

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.