Stonebrook Private Inc. Sells 5,366 Shares of The TJX Companies, Inc. $TJX

Stonebrook Private Inc. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 60.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,495 shares of the apparel and home fashions retailer’s stock after selling 5,366 shares during the quarter. Stonebrook Private Inc.’s holdings in TJX Companies were worth $537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alteri Wealth LLC boosted its position in shares of TJX Companies by 3.4% in the fourth quarter. Alteri Wealth LLC now owns 4,636 shares of the apparel and home fashions retailer’s stock valued at $712,000 after acquiring an additional 153 shares during the period. Pettyjohn Wood & White Inc. boosted its position in shares of TJX Companies by 32.3% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 2,366 shares of the apparel and home fashions retailer’s stock valued at $363,000 after acquiring an additional 577 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in shares of TJX Companies by 2.4% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 31,796 shares of the apparel and home fashions retailer’s stock valued at $4,884,000 after acquiring an additional 732 shares during the period. Westerkirk Capital Inc. boosted its position in shares of TJX Companies by 76.7% in the fourth quarter. Westerkirk Capital Inc. now owns 121,175 shares of the apparel and home fashions retailer’s stock valued at $18,614,000 after acquiring an additional 52,600 shares during the period. Finally, BLI Banque de Luxembourg Investments boosted its position in shares of TJX Companies by 1.6% in the fourth quarter. BLI Banque de Luxembourg Investments now owns 254,653 shares of the apparel and home fashions retailer’s stock valued at $39,559,000 after acquiring an additional 4,093 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TJX. Citigroup restated 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. Telsey Advisory Group raised their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating 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 restated an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. raised 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. Three research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $174.58.

TJX Companies Trading Up 3.0%

Shares of TJX opened at $164.57 on Wednesday. The firm’s 50 day simple moving average is $157.07 and its 200 day simple moving average is $155.74. The company has a market capitalization of $181.80 billion, a P/E ratio of 31.95, a P/E/G ratio of 3.47 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion for 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%. TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. 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 forecast that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is currently 37.28%.

Insider Buying and Selling

In related news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares of the company’s stock, 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 the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the sale, the chief executive officer directly owned 514,848 shares in the company, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 73,786 shares of company stock worth $11,695,268 over the last ninety days. 0.13% of the stock is currently owned by insiders.

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.