46,481 Shares in The TJX Companies, Inc. $TJX Bought by Robinhood Asset Management LLC

Robinhood Asset Management LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,481 shares of the apparel and home fashions retailer’s stock, valued at approximately $7,140,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Ameliora Wealth Management Ltd. increased its holdings in shares of TJX Companies by 12.8% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 23,276 shares of the apparel and home fashions retailer’s stock worth $3,575,000 after buying an additional 2,640 shares during the period. Forbes J M & Co. LLP grew its position in TJX Companies by 1.0% during the 4th quarter. Forbes J M & Co. LLP now owns 125,341 shares of the apparel and home fashions retailer’s stock worth $19,254,000 after acquiring an additional 1,284 shares during the last quarter. Apella Capital LLC increased its stake in TJX Companies by 1.6% in the 4th quarter. Apella Capital LLC now owns 5,507 shares of the apparel and home fashions retailer’s stock worth $846,000 after purchasing an additional 89 shares during the period. Aaron Wealth Advisors LLC increased its stake in TJX Companies by 28.6% in the 4th quarter. Aaron Wealth Advisors LLC now owns 18,574 shares of the apparel and home fashions retailer’s stock worth $2,853,000 after purchasing an additional 4,132 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its position in TJX Companies by 13.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 10,846 shares of the apparel and home fashions retailer’s stock valued at $1,666,000 after purchasing an additional 1,319 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, April 1st. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 price target (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Argus raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Finally, Barclays upped their price objective 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. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus target price of $167.55.

TJX Companies Price Performance

TJX opened at $161.69 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The stock has a market capitalization of $178.96 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 3.71 and a beta of 0.73. The stock’s 50 day moving average price is $156.29 and its 200-day moving average price is $151.51. The TJX Companies, Inc. has a 52-week low of $116.37 and a 52-week high of $162.68.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating 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 business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The firm’s revenue for the quarter 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s payout ratio is currently 34.84%.

Insider Buying and Selling

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