Greenspring Advisors LLC Takes $606,000 Position in The TJX Companies, Inc. $TJX

Greenspring Advisors LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,944 shares of the apparel and home fashions retailer’s stock, valued at approximately $606,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock valued at $15,780,919,000 after buying an additional 771,882 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of TJX Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after buying an additional 673,690 shares during the last quarter. Capital International Investors raised its holdings in shares of TJX Companies by 4.2% during the third quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after buying an additional 630,574 shares during the last quarter. Norges Bank bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $2,211,975,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of TJX Companies by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock valued at $1,939,435,000 after buying an additional 392,097 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $158.56 on Friday. The stock has a market capitalization of $175.16 billion, a P/E ratio of 30.79, a P/E/G ratio of 3.43 and a beta of 0.62. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The business’s fifty day moving average is $156.82 and its two-hundred day moving average is $155.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion for 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%.The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, research analysts forecast that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a $0.48 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 14th. TJX Companies’s dividend payout ratio is currently 37.28%.

Analysts Set New Price Targets

Several brokerages recently commented on TJX. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Wells Fargo & Company reissued an “outperform” rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Evercore reissued an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a report on Thursday, May 21st. 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. Finally, Weiss Ratings cut TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. 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 stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $174.58.

TJX Companies 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.