Beto Financial Group LLC Makes New Investment in The TJX Companies, Inc. $TJX

Beto Financial Group LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,290 shares of the apparel and home fashions retailer’s stock, valued at approximately $794,000.

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

TJX Companies Stock Performance

NYSE TJX opened at $152.52 on Tuesday. The company has a market capitalization of $168.65 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 3.36 and a beta of 0.62. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The stock has a fifty day simple moving average of $156.81 and a 200 day simple moving average of $155.18. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business 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 expect that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, May 14th. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent analyst reports. Truist Financial set a $190.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. UBS Group restated a “neutral” rating and issued a $197.00 price target (up from $193.00) on shares of TJX Companies in a report on Thursday, May 21st. Weiss Ratings lowered TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Telsey Advisory Group upped their target price on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $174.58.

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.