Savoir Faire Capital Management L.P. Sells 31,391 Shares of The TJX Companies, Inc. $TJX

Savoir Faire Capital Management L.P. cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 38.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,970 shares of the apparel and home fashions retailer’s stock after selling 31,391 shares during the quarter. TJX Companies comprises 3.6% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 11th biggest holding. Savoir Faire Capital Management L.P.’s holdings in TJX Companies were worth $7,676,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in 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 worth $15,780,919,000 after purchasing an additional 771,882 shares during the period. Capital International Investors raised its position in shares of TJX Companies by 4.2% in 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 purchasing an additional 630,574 shares during the period. Ameriprise Financial Inc. raised its position in shares of TJX Companies by 3.0% in 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 purchasing an additional 392,097 shares during the period. Amundi lifted its stake in shares of TJX Companies by 22.1% during the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after buying an additional 1,761,281 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of TJX Companies by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after buying an additional 420,232 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TJX. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, April 1st. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a report on Tuesday, January 6th. BTIG Research reaffirmed a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Finally, Argus upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $167.55.

TJX Companies Price Performance

NYSE:TJX opened at $156.94 on Friday. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82. 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 firm’s 50-day simple moving average is $158.51 and its 200 day simple moving average is $153.57. The firm has a market cap of $173.70 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 3.59 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’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. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 5.06 earnings per share 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. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 14th. TJX Companies’s dividend payout ratio is presently 34.84%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate 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.