Faithward Advisors LLC Has $2.68 Million Stake in The TJX Companies, Inc. $TJX

Faithward Advisors LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 21.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,793 shares of the apparel and home fashions retailer’s stock after buying an additional 3,095 shares during the period. Faithward Advisors LLC’s holdings in TJX Companies were worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co increased its stake in shares of TJX Companies by 2.9% in the 1st quarter. CENTRAL TRUST Co now owns 45,226 shares of the apparel and home fashions retailer’s stock valued at $7,223,000 after acquiring an additional 1,282 shares during the last quarter. Burns J W & Co. Inc. NY boosted its stake in TJX Companies by 0.7% during the 1st quarter. Burns J W & Co. Inc. NY now owns 17,878 shares of the apparel and home fashions retailer’s stock worth $2,855,000 after acquiring an additional 132 shares during the last quarter. Cidel Asset Management Inc. grew its holdings in TJX Companies by 16.8% during the first quarter. Cidel Asset Management Inc. now owns 4,394 shares of the apparel and home fashions retailer’s stock valued at $702,000 after purchasing an additional 631 shares during the period. Riverbridge Partners LLC grew its holdings in TJX Companies by 0.4% during the first quarter. Riverbridge Partners LLC now owns 23,653 shares of the apparel and home fashions retailer’s stock valued at $3,777,000 after purchasing an additional 83 shares during the period. Finally, Richards Merrill & Peterson Inc. increased its stake in TJX Companies by 15.0% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,990 shares of the apparel and home fashions retailer’s stock valued at $797,000 after purchasing an additional 649 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TJX has been the topic of a number of recent analyst reports. BTIG Research lifted their price target on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Citigroup restated a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Telsey Advisory Group lifted 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. Argus upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus price target of $174.58.

TJX Companies Stock Performance

TJX opened at $164.86 on Wednesday. The business’s 50-day moving average price is $158.09 and its two-hundred day moving average price is $156.78. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $170.00. The company has a market capitalization of $182.12 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 3.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

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, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Equities analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Insider Transactions at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares in the company, valued at $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 130,367 shares of company stock worth $20,959,476. Insiders own 0.15% of the company’s stock.

TJX Companies Company 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.