The TJX Companies, Inc. $TJX Stake Increased by Seneca House Advisors

Seneca House Advisors boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,956 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,311 shares during the period. TJX Companies accounts for 1.7% of Seneca House Advisors’ portfolio, making the stock its 20th largest position. Seneca House Advisors’ holdings in TJX Companies were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in TJX Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock valued at $15,780,919,000 after buying an additional 771,882 shares during the last quarter. Geode Capital Management LLC raised its position in shares of TJX Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after acquiring an additional 673,690 shares in the last quarter. Bank of America Corp DE lifted its stake in TJX Companies by 2.0% during the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after purchasing an additional 495,989 shares during the last quarter. Capital International Investors lifted its stake in TJX Companies by 2.0% during the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after purchasing an additional 308,408 shares during the last quarter. Finally, Norges Bank acquired a new position in TJX Companies in the fourth quarter worth $2,211,975,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on TJX shares. Wells Fargo & Company reiterated an “outperform” rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Robert W. Baird boosted their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Citigroup reiterated 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, Barclays reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $176.89.

Insider Activity

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company’s 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 transaction, the director directly owned 802 shares in the company, 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. In the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by company insiders.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $0.40 during trading on Friday, reaching $151.30. The company had a trading volume of 4,168,337 shares, compared to its average volume of 5,629,683. The firm’s fifty day moving average is $156.82 and its 200 day moving average is $156.68. 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 capitalization of $167.14 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business’s 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, equities analysts forecast that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) 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.