Madison Asset Management LLC Sells 16,291 Shares of The TJX Companies, Inc. $TJX

Madison Asset Management LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.6% in the first quarter, HoldingsChannel.com reports. The fund owned 433,099 shares of the apparel and home fashions retailer’s stock after selling 16,291 shares during the period. Madison Asset Management LLC’s holdings in TJX Companies were worth $69,166,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its holdings in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the period. Entrust Financial LLC bought a new position in shares of TJX Companies during the fourth quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $26,000. Joseph Group Capital Management acquired a new position in shares of TJX Companies in the 4th quarter valued at $27,000. Finally, IMG Wealth Management Inc. increased its position in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.8%

Shares of NYSE:TJX opened at $155.67 on Tuesday. The TJX Companies, Inc. has a 12 month low of $122.30 and a 12 month high of $170.00. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $156.67 and its 200 day simple moving average is $156.54. The firm has a market cap of $171.96 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 3.35 and a beta of 0.63.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm 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, research analysts forecast that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 29,549 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer directly owned 552,850 shares in the company, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction that occurred 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 directly owned 64,257 shares in the company, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,367 shares of company stock valued at $20,959,476 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on TJX shares. Wells Fargo & Company reaffirmed an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Barclays reissued an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $176.89.

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.