Foundations Investment Advisors LLC Has $3.25 Million Holdings in The TJX Companies, Inc. $TJX

Foundations Investment Advisors LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 302.5% in the fourth quarter, Holdings Channel reports. The fund owned 21,165 shares of the apparel and home fashions retailer’s stock after acquiring an additional 15,906 shares during the quarter. Foundations Investment Advisors LLC’s holdings in TJX Companies were worth $3,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Entrust Financial LLC bought a new position in TJX Companies during the 4th quarter worth $26,000. IMG Wealth Management Inc. grew its position in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares during the last quarter. Joseph Group Capital Management bought a new stake in shares of TJX Companies in the 4th quarter valued at about $27,000. Miller Global Investments LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $28,000. Finally, Dogwood Wealth Management LLC raised its position in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 92 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Barclays restated an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Citigroup reiterated a “buy” rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, BTIG Research lifted their target price on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $174.58.

TJX Companies Price Performance

Shares of TJX opened at $155.03 on Friday. The firm has a market cap of $171.44 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 3.36 and a beta of 0.64. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82. The business’s 50 day moving average price is $156.85 and its two-hundred day moving average price is $155.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion during 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 company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm 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. On average, equities analysts anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

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

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

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.