Rice Partnership LLC Purchases 4,020 Shares of The TJX Companies, Inc. $TJX

Rice Partnership LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,609 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,020 shares during the period. Rice Partnership LLC’s holdings in TJX Companies were worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TJX. MWA Asset Management increased its stake in shares of TJX Companies by 5.3% in the 1st quarter. MWA Asset Management now owns 10,365 shares of the apparel and home fashions retailer’s stock valued at $1,655,000 after purchasing an additional 521 shares during the last quarter. Alpha Zero LLC lifted its position in shares of TJX Companies by 11.0% during the 1st quarter. Alpha Zero LLC now owns 3,593 shares of the apparel and home fashions retailer’s stock worth $574,000 after buying an additional 355 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in TJX Companies by 5.9% in the first quarter. Johnson Financial Group Inc. now owns 9,115 shares of the apparel and home fashions retailer’s stock valued at $1,456,000 after buying an additional 505 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in TJX Companies by 123.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 17,694 shares of the apparel and home fashions retailer’s stock valued at $2,826,000 after buying an additional 9,764 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its position in TJX Companies by 6.0% in the first quarter. Florida Financial Advisors LLC now owns 2,338 shares of the apparel and home fashions retailer’s stock valued at $374,000 after acquiring an additional 133 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction 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 sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on TJX. BTIG Research boosted their target price on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Weiss Ratings raised shares of TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 6th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Telsey Advisory Group increased their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $176.89.

TJX Companies Price Performance

Shares of TJX opened at $155.67 on Tuesday. 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 stock has a market cap of $171.96 billion, a PE ratio of 30.23, a PEG ratio of 3.35 and a beta of 0.63. The TJX Companies, Inc. has a 12-month low of $122.30 and a 12-month high of $170.00. The business has a 50-day simple moving average of $156.67 and a two-hundred day simple moving average of $156.54.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion for 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 business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm 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. Analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is currently 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.