Broderick Brian C Grows Stock Holdings in The TJX Companies, Inc. $TJX

Broderick Brian C increased its position in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 4.4% during the 1st quarter, Holdings Channel reports. The firm owned 109,283 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,589 shares during the quarter. TJX Companies makes up approximately 3.2% of Broderick Brian C’s holdings, making the stock its 10th largest holding. Broderick Brian C’s holdings in TJX Companies were worth $17,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nelson Capital Management LLC grew its position in TJX Companies by 0.5% in the 1st quarter. Nelson Capital Management LLC now owns 46,117 shares of the apparel and home fashions retailer’s stock worth $7,365,000 after purchasing an additional 208 shares in the last quarter. Decker Wealth Management LLC bought a new position in shares of TJX Companies during the 1st quarter worth approximately $7,963,000. KBC Group NV boosted its stake in shares of TJX Companies by 44.9% in the 1st quarter. KBC Group NV now owns 457,112 shares of the apparel and home fashions retailer’s stock worth $73,001,000 after buying an additional 141,651 shares during the last quarter. Little House Capital LLC boosted its stake in shares of TJX Companies by 1.2% in the 1st quarter. Little House Capital LLC now owns 16,709 shares of the apparel and home fashions retailer’s stock worth $2,668,000 after buying an additional 195 shares during the last quarter. Finally, True North Advisors LLC grew its holdings in shares of TJX Companies by 6.6% in the first quarter. True North Advisors LLC now owns 4,818 shares of the apparel and home fashions retailer’s stock valued at $769,000 after acquiring an additional 297 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on TJX. Evercore reaffirmed an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research report on Thursday, May 21st. Wells Fargo & Company reissued an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. UBS Group restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. BTIG Research raised their target price on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $176.89.

Get Our Latest Research Report on TJX Companies

Insider Transactions at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the sale, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Stock Up 0.0%

TJX opened at $154.51 on Monday. The TJX Companies, Inc. has a twelve month low of $122.00 and a twelve month high of $170.00. The company’s 50-day moving average price is $156.54 and its two-hundred day moving average price is $156.53. The stock has a market cap of $170.69 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 3.35 and a beta of 0.63. 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:TJXGet Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. TJX Companies’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. 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. As a group, equities analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 37.28%.

Key Stories Impacting TJX Companies

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About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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