The TJX Companies, Inc. $TJX Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 117.1% during the 1st quarter, HoldingsChannel reports. The firm owned 114,648 shares of the apparel and home fashions retailer’s stock after purchasing an additional 61,846 shares during the quarter. TJX Companies comprises 1.4% of Cumberland Partners Ltd’s investment portfolio, making the stock its 24th biggest position. Cumberland Partners Ltd’s holdings in TJX Companies were worth $18,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. 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. Joseph Group Capital Management purchased a new stake in TJX Companies in the 4th quarter valued at $27,000. Finally, IMG Wealth Management Inc. increased its stake in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director directly 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. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 in the last three months. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TJX. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Citigroup restated a “buy” rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. BTIG Research lifted their target price on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Evercore reiterated an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased 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. Two equities research 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 company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus price target of $176.89.

TJX Companies Trading Up 0.4%

NYSE TJX opened at $154.15 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The firm has a market cap of $170.29 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 3.33 and a beta of 0.63. The firm has a 50 day simple moving average of $157.19 and a 200-day simple moving average of $156.53. The TJX Companies, Inc. has a one year low of $123.78 and a one year high of $170.00.

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 (EPS) for the quarter, topping 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 company had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s quarterly 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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