Robinhood Asset Management LLC Acquires New Shares in The TJX Companies, Inc. $TJX

Robinhood Asset Management LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,481 shares of the apparel and home fashions retailer’s stock, valued at approximately $7,140,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. Brighton Jones LLC lifted its holdings in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after acquiring an additional 235 shares during the period. Bison Wealth LLC increased its holdings in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after acquiring an additional 955 shares during the period. United Bank lifted its stake in TJX Companies by 7.6% in the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. bought a new position in TJX Companies in the 2nd quarter valued at $244,000. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Robert W. Baird set a $168.00 target price on TJX Companies in a research report on Wednesday, December 17th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 price target on TJX Companies in a research report on Thursday, January 8th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Up 0.2%

Shares of NYSE:TJX opened at $161.69 on Tuesday. The firm has a market capitalization of $178.96 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 3.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The TJX Companies, Inc. has a 52-week low of $116.37 and a 52-week high of $162.68. The firm has a fifty day moving average of $156.29 and a 200 day moving average of $151.51.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating 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 business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter last year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. 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. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio is presently 34.84%.

TJX Companies 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.