Fifth Third Wealth Advisors LLC Boosts Stake in The TJX Companies, Inc. $TJX

Fifth Third Wealth Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,387 shares of the apparel and home fashions retailer’s stock after acquiring an additional 8,901 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in TJX Companies were worth $7,408,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Trust Point Inc. lifted its stake in TJX Companies by 1.3% in the 4th quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock worth $803,000 after purchasing an additional 66 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of TJX Companies by 1.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after purchasing an additional 66 shares in the last quarter. Hohimer Wealth Management LLC grew its position in shares of TJX Companies by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock valued at $859,000 after purchasing an additional 66 shares in the last quarter. Tempus Wealth Planning LLC increased its holdings in shares of TJX Companies by 0.5% in the fourth quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after purchasing an additional 67 shares during the last quarter. Finally, Verde Capital Management increased its holdings in shares of TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock valued at $1,539,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Citigroup reissued a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of “Buy” and an average target price of $174.58.

Insider Buying and Selling at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of TJX Companies stock in a transaction that occurred 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 transaction, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 over the last ninety days. Company insiders own 0.15% of the company’s stock.

TJX Companies Stock Up 0.6%

Shares of NYSE TJX opened at $165.35 on Thursday. The firm has a market cap of $182.66 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 3.56 and a beta of 0.62. 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 TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00. The business’s 50 day moving average is $158.22 and its two-hundred day moving average is $156.88.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $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. Research analysts predict that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

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

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.