Aaron Wealth Advisors LLC Boosts Position in The TJX Companies, Inc. $TJX

Aaron Wealth Advisors LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 28.6% during the fourth quarter, Holdings Channel reports. The firm owned 18,574 shares of the apparel and home fashions retailer’s stock after buying an additional 4,132 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in TJX Companies were worth $2,853,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TJX. Lavaca Capital LLC purchased a new stake in shares of TJX Companies in the second quarter valued at $25,000. Dogwood Wealth Management LLC lifted its position in shares of TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. GGM Financials LLC purchased a new stake in shares of TJX Companies in the third quarter valued at $27,000. Imprint Wealth LLC purchased a new stake in shares of TJX Companies in the third quarter valued at $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of TJX Companies in the third quarter valued at $28,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of several recent research reports. BTIG Research restated a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Barclays upped their price objective on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Performance

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

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $17.36 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. 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 research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a $0.48 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is 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.