Kimelman & Baird LLC Trims Position in The TJX Companies, Inc. $TJX

Kimelman & Baird LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 332,104 shares of the apparel and home fashions retailer’s stock after selling 6,084 shares during the quarter. TJX Companies accounts for approximately 3.9% of Kimelman & Baird LLC’s portfolio, making the stock its 6th largest holding. Kimelman & Baird LLC’s holdings in TJX Companies were worth $51,014,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. BTIG Research reiterated a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Truist Financial initiated coverage on shares of TJX Companies in a report on Monday. They set a “buy” rating and a $175.00 target price for the company. Telsey Advisory Group increased their target price on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Buy” and an average price target of $167.95.

TJX Companies Stock Performance

Shares of TJX opened at $150.26 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The company has a 50-day simple moving average of $156.86 and a two-hundred day simple moving average of $154.26. The firm has a market capitalization of $166.15 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 3.39 and a beta of 0.64.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS 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 business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same period last year, the business posted $1.23 earnings per share. TJX Companies’s quarterly 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, analysts anticipate that The TJX Companies, Inc. will post 5.06 EPS 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. Shareholders of record on Thursday, May 14th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.3%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. TJX Companies’s dividend payout ratio (DPR) is 39.34%.

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.