American Trust Trims Stake in The TJX Companies, Inc. $TJX

American Trust cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,666 shares of the apparel and home fashions retailer’s stock after selling 7,768 shares during the period. TJX Companies comprises 0.6% of American Trust’s portfolio, making the stock its 24th biggest position. American Trust’s holdings in TJX Companies were worth $6,335,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TSA Wealth Managment LLC bought a new position in shares of TJX Companies during the first quarter valued at approximately $312,000. Darwin Wealth Management LLC boosted its stake in TJX Companies by 26.2% during the first quarter. Darwin Wealth Management LLC now owns 14,812 shares of the apparel and home fashions retailer’s stock worth $2,366,000 after buying an additional 3,074 shares during the last quarter. Simplicity Wealth LLC increased its holdings in shares of TJX Companies by 25.8% during the 1st quarter. Simplicity Wealth LLC now owns 4,670 shares of the apparel and home fashions retailer’s stock worth $746,000 after buying an additional 958 shares during the last quarter. Osprey Private Wealth LLC increased its stake in TJX Companies by 8.5% during the first quarter. Osprey Private Wealth LLC now owns 66,565 shares of the apparel and home fashions retailer’s stock worth $10,630,000 after purchasing an additional 5,187 shares during the period. Finally, Cedar Mountain Advisors LLC raised its stake in shares of TJX Companies by 47.7% in the first quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Telsey Advisory Group upped their price target on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Robert W. Baird boosted their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, BTIG Research boosted their price target on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $176.89.

Insider Transactions at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the sale, the chief executive officer owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,367 shares of company stock valued at $20,959,476 in the last 90 days. Company insiders own 0.15% of the company’s stock.

TJX Companies Stock Up 0.3%

Shares of NYSE:TJX traded up $0.40 during trading on Friday, hitting $151.30. 4,168,337 shares of the company were exchanged, compared to its average volume of 5,629,683. The firm’s 50 day moving average price is $156.82 and its 200-day moving average price is $156.68. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The stock has a market capitalization of $167.14 billion, a P/E ratio of 29.38, a PEG ratio of 3.28 and a beta of 0.63.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the business earned $0.92 EPS. TJX Companies’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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. On average, research analysts predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio is 37.28%.

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.