Savvy Advisors Inc. Acquires 10,804 Shares of The TJX Companies, Inc. $TJX

Savvy Advisors Inc. grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 60.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,758 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,804 shares during the quarter. Savvy Advisors Inc.’s holdings in TJX Companies were worth $4,417,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in 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 valued at $1,817,000 after buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its position in shares of 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 buying an additional 235 shares during the period. Bison Wealth LLC grew its position in shares of 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 buying an additional 955 shares during the period. United Bank increased its stake in shares of 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 valued at $2,013,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Schnieders Capital Management LLC. bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $244,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TJX. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a research note on Thursday, January 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a report on Tuesday, January 6th. BTIG Research reissued a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a report on Wednesday, December 17th. Finally, Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $167.55.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $161.37 on Friday. 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 stock has a market cap of $178.60 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 3.71 and a beta of 0.73. The business has a 50 day simple moving average of $156.05 and a 200 day simple moving average of $151.28. The TJX Companies, Inc. has a 52-week low of $116.37 and a 52-week high of $162.68.

TJX Companies (NYSE:TJX) last announced 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. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share 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. Investors of record on Thursday, May 14th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 14th. 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. TJX Companies’s 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.