The TJX Companies, Inc. $TJX Shares Sold by Ledyard National Bank

Ledyard National Bank lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 79,371 shares of the apparel and home fashions retailer’s stock after selling 3,251 shares during the period. TJX Companies comprises about 1.1% of Ledyard National Bank’s portfolio, making the stock its 25th largest holding. Ledyard National Bank’s holdings in TJX Companies were worth $12,192,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. Alliancebernstein L.P. lifted its position in shares of TJX Companies by 91.6% during the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after acquiring an additional 3,208,458 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after acquiring an additional 2,743,676 shares during the last quarter. Amundi lifted its position in shares of TJX Companies by 22.1% during the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock valued at $1,391,822,000 after acquiring an additional 1,761,281 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of TJX Companies by 81.2% during the 3rd quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer’s stock valued at $462,323,000 after acquiring an additional 1,433,801 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its position in shares of TJX Companies by 198.8% during the 3rd quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer’s stock valued at $296,779,000 after acquiring an additional 1,366,066 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX opened at $161.67 on Thursday. The stock has a fifty day moving average of $156.76 and a 200-day moving average of $151.71. The firm has a market capitalization of $178.94 billion, a P/E ratio of 33.13, a PEG ratio of 3.71 and a beta of 0.73. The TJX Companies, Inc. has a 12-month low of $119.75 and a 12-month high of $162.68. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 14th. TJX Companies’s dividend payout ratio is 34.84%.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the sale, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 price objective (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Telsey Advisory Group increased their target price on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Argus upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a report on Thursday, January 8th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $167.55.

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.