The TJX Companies, Inc. $TJX Stock Position Increased by Rathbones Group PLC

Rathbones Group PLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,020,903 shares of the apparel and home fashions retailer’s stock after purchasing an additional 19,795 shares during the period. Rathbones Group PLC owned 0.09% of TJX Companies worth $147,561,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Lavaca Capital LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $25,000. Dogwood Wealth Management LLC raised its stake in TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. GGM Financials LLC bought a new stake in TJX Companies during the 3rd quarter valued at $27,000. Howard Hughes Medical Institute acquired a new position in TJX Companies during the 2nd quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the second quarter worth $32,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. Wells Fargo & Company restated a “positive” rating and set a $150.00 price objective (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Robert W. Baird set a $168.00 target price on shares of TJX Companies in a research note on Wednesday, December 17th. Morgan Stanley restated an “overweight” rating and set a $162.00 price target (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Bank of America upped their price target on shares of TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Argus upgraded shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Buy” and a consensus target price of $167.55.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by insiders.

TJX Companies Trading Down 0.8%

Shares of TJX Companies stock opened at $159.61 on Friday. The business has a fifty day simple moving average of $155.30 and a 200-day simple moving average of $148.65. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $162.68. The firm has a market cap of $177.24 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. 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 released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period in the previous year, the company earned $1.23 earnings per share. 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s payout ratio is currently 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.