Welch & Forbes LLC Sells 5,992 Shares of The TJX Companies, Inc. $TJX

Welch & Forbes LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the first quarter, Holdings Channel reports. The institutional investor owned 771,975 shares of the apparel and home fashions retailer’s stock after selling 5,992 shares during the period. TJX Companies makes up approximately 1.6% of Welch & Forbes LLC’s investment portfolio, making the stock its 16th biggest position. Welch & Forbes LLC’s holdings in TJX Companies were worth $123,285,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Swiss Life Asset Management Ltd raised its holdings in shares of TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after acquiring an additional 32,407 shares in the last quarter. Family Capital Trust Co increased its holdings in shares of TJX Companies by 1,080.0% in the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after buying an additional 12,377 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after acquiring an additional 2,989 shares during the last quarter. Nordea Investment Management AB increased its stake 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 last quarter. Finally, Bluedoor Private Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $2,559,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TJX. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Citigroup restated a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus target price of $176.89.

TJX Companies Stock Up 0.3%

TJX stock traded up $0.40 during trading on Friday, hitting $151.30. 4,168,337 shares of the company’s stock traded hands, compared to its average volume of 5,629,683. The business has a fifty day simple moving average of $156.82 and a two-hundred day simple moving average of $156.68. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $167.14 billion, a P/E ratio of 29.38, a PEG ratio of 3.28 and a beta of 0.63. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TJX Companies’s dividend payout ratio is presently 37.28%.

Insider Activity

In related news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director directly owned 802 shares in the company, valued at $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the sale, the chief executive officer owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock valued at $20,959,476 in the last ninety days. 0.15% of the stock is currently owned by insiders.

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.