Verity & Verity LLC Buys Shares of 4,700 The TJX Companies, Inc. $TJX

Verity & Verity LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,700 shares of the apparel and home fashions retailer’s stock, valued at approximately $722,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Essex Financial Services Inc. grew its holdings in TJX Companies by 2.2% during the 4th quarter. Essex Financial Services Inc. now owns 37,917 shares of the apparel and home fashions retailer’s stock valued at $5,824,000 after buying an additional 805 shares in the last quarter. Founders Financial Securities LLC boosted its position in shares of TJX Companies by 41.1% during the 4th quarter. Founders Financial Securities LLC now owns 4,381 shares of the apparel and home fashions retailer’s stock valued at $673,000 after acquiring an additional 1,276 shares during the last quarter. Texas Yale Capital Corp. boosted its position in shares of TJX Companies by 8.3% during the 4th quarter. Texas Yale Capital Corp. now owns 3,136 shares of the apparel and home fashions retailer’s stock valued at $482,000 after acquiring an additional 240 shares during the last quarter. Holderness Investments Co. boosted its position in shares of TJX Companies by 0.8% during the 4th quarter. Holderness Investments Co. now owns 19,954 shares of the apparel and home fashions retailer’s stock valued at $3,065,000 after acquiring an additional 157 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TJX Companies during the 4th quarter valued at about $2,211,975,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating and set a $197.00 price target (up from $193.00) on shares of TJX Companies in a research report on Thursday, May 21st. Telsey Advisory Group lifted their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Truist Financial set a $190.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company reiterated an “outperform” rating and set a $160.00 price target (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Three 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 company’s stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and an average target price of $174.58.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was 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 owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $155.03 on Friday. The business has a 50 day moving average of $156.85 and a 200 day moving average of $155.08. The company has a market capitalization of $171.44 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 3.36 and a beta of 0.64. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. 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 earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. 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. On average, sell-side analysts predict that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio is presently 37.28%.

About TJX Companies

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.