Alta Capital Management LLC Sells 62,616 Shares of The TJX Companies, Inc. $TJX

Alta Capital Management LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 359,169 shares of the apparel and home fashions retailer’s stock after selling 62,616 shares during the quarter. TJX Companies makes up 3.7% of Alta Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Alta Capital Management LLC’s holdings in TJX Companies were worth $55,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Verde Capital Management boosted its holdings in TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock worth $1,539,000 after purchasing an additional 67 shares in the last quarter. Stronghold Wealth Management L.L.C. bought a new stake in TJX Companies during the fourth quarter valued at about $292,000. WD Rutherford LLC boosted its holdings in TJX Companies by 7.0% during the fourth quarter. WD Rutherford LLC now owns 29,167 shares of the apparel and home fashions retailer’s stock valued at $4,480,000 after acquiring an additional 1,919 shares during the period. Entrust Financial LLC bought a new stake in TJX Companies during the fourth quarter valued at about $26,000. Finally, GLOBALT Investments LLC GA boosted its holdings in TJX Companies by 3.1% during the fourth quarter. GLOBALT Investments LLC GA now owns 84,389 shares of the apparel and home fashions retailer’s stock valued at $12,963,000 after acquiring an additional 2,508 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 1.9%

Shares of TJX opened at $150.26 on Tuesday. The stock has a market cap of $166.15 billion, a price-to-earnings ratio of 30.79, a P/E/G ratio of 3.39 and a beta of 0.64. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $165.82. The company has a 50-day moving average price of $156.86 and a two-hundred day moving average price of $154.26.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. 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 analysts predict that The TJX Companies, Inc. will post 5.06 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio (DPR) is 39.34%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TJX shares. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Barclays increased their target price on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Finally, Weiss Ratings cut shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average target price of $167.95.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% 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.