Baltimore Washington Financial Advisors Inc. Raises Stake in The TJX Companies, Inc. $TJX

Baltimore Washington Financial Advisors Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 12.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 180,844 shares of the apparel and home fashions retailer’s stock after purchasing an additional 19,795 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in TJX Companies were worth $26,139,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TJX. Vanguard Group Inc. grew its stake in shares of TJX Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock worth $14,737,557,000 after purchasing an additional 820,730 shares during the last quarter. State Street Corp grew its stake in TJX Companies by 0.6% in the second quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock worth $6,001,063,000 after purchasing an additional 285,737 shares during the period. Geode Capital Management LLC increased its stake in shares of TJX Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock worth $3,205,927,000 after acquiring an additional 301,127 shares in the last quarter. Norges Bank bought a new position in shares of TJX Companies during the second quarter valued at approximately $1,808,774,000. Finally, Invesco Ltd. raised its stake in TJX Companies by 0.9% during the second quarter. Invesco Ltd. now owns 9,081,087 shares of the apparel and home fashions retailer’s stock valued at $1,121,423,000 after buying an additional 80,487 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related 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 transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TJX shares. Wells Fargo & Company reaffirmed a “positive” rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. BTIG Research reissued a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Bank of America lifted their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Price Performance

NYSE:TJX opened at $159.61 on Friday. 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 business has a 50 day simple moving average of $155.30 and a 200-day simple moving average of $148.55. The firm has a market capitalization of $177.24 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 3.70 and a beta of 0.73. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $162.68.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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. The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. 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. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 12th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s payout ratio is presently 34.84%.

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.