Evansbrook LLC Makes New $850,000 Investment in The TJX Companies, Inc. $TJX

Evansbrook LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, HoldingsChannel reports. The firm bought 5,534 shares of the apparel and home fashions retailer’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Banco Santander S.A. raised its holdings in shares of TJX Companies by 24.6% in the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock valued at $23,180,000 after buying an additional 31,631 shares during the period. Swiss Life Asset Management Ltd lifted its stake in TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after acquiring an additional 32,407 shares in the last quarter. Family Capital Trust Co boosted its holdings in TJX Companies by 1,080.0% during the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after acquiring an additional 12,377 shares during the period. J.Safra Asset Management Corp boosted its holdings in TJX Companies by 78.3% during the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after acquiring an additional 2,989 shares during the period. Finally, Nordea Investment Management AB grew its position in TJX Companies by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock valued at $1,155,830,000 after acquiring an additional 420,232 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent research reports. Telsey Advisory Group boosted their price target on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Robert W. Baird raised their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a report on Thursday, May 21st. Weiss Ratings cut shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Finally, Citigroup reaffirmed a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of “Buy” and an average target price of $174.58.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $163.81 on Friday. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $170.00. The company has a market cap of $180.96 billion, a PE ratio of 31.81, 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 quick ratio of 0.54 and a current ratio of 1.14. The business has a 50-day simple moving average of $158.00 and a 200-day simple moving average of $156.48.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion for 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%. The business’s quarterly revenue 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. On average, equities research analysts forecast 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 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 is Thursday, August 13th. TJX Companies’s payout ratio is 37.28%.

Insider Activity

In other news, CEO Ernie Herrman sold 10,002 shares of TJX Companies 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 directly owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by company insiders.

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.