Paladin Wealth LLC Buys Shares of 3,563 The TJX Companies, Inc. $TJX

Paladin Wealth LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,563 shares of the apparel and home fashions retailer’s stock, valued at approximately $547,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Planning Hawaii Inc. purchased a new stake in TJX Companies during the fourth quarter valued at $531,000. J. Safra Sarasin Holding AG lifted its holdings in TJX Companies by 39.6% in the fourth quarter. J. Safra Sarasin Holding AG now owns 14,285 shares of the apparel and home fashions retailer’s stock valued at $2,194,000 after acquiring an additional 4,052 shares during the period. ORG Wealth Partners LLC boosted its position in TJX Companies by 64.0% in the fourth quarter. ORG Wealth Partners LLC now owns 1,637 shares of the apparel and home fashions retailer’s stock worth $252,000 after purchasing an additional 639 shares during the last quarter. AA Financial Advisors LLC purchased a new position in TJX Companies in the fourth quarter worth about $256,000. Finally, Donaldson Capital Management LLC grew its stake in shares of TJX Companies by 10.8% during the 4th quarter. Donaldson Capital Management LLC now owns 6,222 shares of the apparel and home fashions retailer’s stock valued at $956,000 after purchasing an additional 609 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Up 0.3%

TJX stock opened at $155.58 on Tuesday. The TJX Companies, Inc. has a twelve month low of $116.37 and a twelve month high of $162.68. 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 stock has a market cap of $172.76 billion, a P/E ratio of 31.88, a PEG ratio of 3.57 and a beta of 0.73. The business’s 50-day moving average price is $155.53 and its 200-day moving average price is $150.77.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same period in the prior year, the firm posted $1.23 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. 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. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current 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 paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies’s dividend payout ratio is currently 34.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TJX shares. Telsey Advisory Group increased their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Barclays upped their target price on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Finally, Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus target price of $167.55.

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.