The TJX Companies, Inc. $TJX Shares Bought by Vestcor Inc

Vestcor Inc raised its position in The TJX Companies, Inc. (NYSE:TJX) by 31.3% in the 4th quarter, Holdings Channel reports. The fund owned 43,476 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,366 shares during the period. Vestcor Inc’s holdings in TJX Companies were worth $6,678,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TJX. Brighton Jones LLC grew its position in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC grew its position in TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Bison Wealth LLC grew its position in TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after acquiring an additional 955 shares in the last quarter. United Bank grew its position in TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. acquired a new stake in TJX Companies in the second quarter valued at approximately $244,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 1.3%

TJX stock opened at $160.69 on Friday. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $177.51 billion, a P/E ratio of 31.20, a PEG ratio of 3.45 and a beta of 0.62. The firm has a 50 day simple moving average of $156.84 and a 200-day simple moving average of $155.43.

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

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.2%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, May 14th. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Citigroup reaffirmed a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Argus raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Three 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $174.58.

Insider Buying and Selling at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the transaction, the chief executive officer owned 552,850 shares in the company, valued at $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 73,786 shares of company stock worth $11,695,268 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

TJX Companies News Summary

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

• Positive Sentiment: TJX posted strong fiscal Q1 results, including 6% comparable sales growth and 29% EPS growth, and raised guidance, supporting the stock’s recent strength.
• Positive Sentiment: Analysts remain constructive on The TJX Companies, Inc., with a consensus “Buy” view and continued praise for its growth and defensive retail appeal.
• Positive Sentiment: UBS singled out TJX as a preferred consumer stock, citing its ability to grow, deliver strong returns, and exceed expectations.
• Neutral Sentiment: Recent stock gains have pushed TJX near its 52-week high, which may attract both momentum buyers and some profit-taking.
• Negative Sentiment: CEO Ernie Herrman and CFO John Klinger sold shares this week, which may weigh on sentiment even though the transactions were disclosed as routine filings.

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.