The TJX Companies, Inc. $TJX is Teca Partners LP’s 10th Largest Position

Teca Partners LP trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 75.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 24,200 shares of the apparel and home fashions retailer’s stock after selling 73,715 shares during the quarter. TJX Companies makes up 2.7% of Teca Partners LP’s holdings, making the stock its 10th biggest holding. Teca Partners LP’s holdings in TJX Companies were worth $3,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its holdings in shares of 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 valued at $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC acquired a new position in TJX Companies during the fourth quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies in the 4th quarter valued at $26,000. Imprint Wealth LLC purchased a new stake in TJX Companies in the 3rd quarter valued at $27,000. Finally, Joseph Group Capital Management purchased a new stake in TJX Companies in the 4th quarter valued at $27,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In other news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction on Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares in the company, valued at $87,051,761. This represents a 5.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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 company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on TJX shares. Barclays reiterated an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Telsey Advisory Group upped their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and an average target price of $176.89.

TJX Companies Price Performance

Shares of TJX opened at $156.35 on Tuesday. The TJX Companies, Inc. has a 1-year low of $123.78 and a 1-year high of $170.00. The stock has a market cap of $172.72 billion, a PE ratio of 30.36, a P/E/G ratio of 3.34 and a beta of 0.63. The firm has a 50-day simple moving average of $157.31 and a two-hundred day simple moving average of $156.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue was up 9.2% on a year-over-year basis. 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, analysts forecast that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Announces Dividend

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

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.