Strs Ohio Has $64.80 Million Holdings in The TJX Companies, Inc. $TJX

Strs Ohio cut its position in The TJX Companies, Inc. (NYSE:TJX) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421,870 shares of the apparel and home fashions retailer’s stock after selling 10,209 shares during the quarter. Strs Ohio’s holdings in TJX Companies were worth $64,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sandro Wealth Management LLC acquired a new position in TJX Companies in the 4th quarter valued at $1,621,000. Composition Wealth LLC grew its stake in TJX Companies by 6.3% in the 4th quarter. Composition Wealth LLC now owns 36,421 shares of the apparel and home fashions retailer’s stock valued at $5,595,000 after buying an additional 2,143 shares during the last quarter. GDS Wealth Management grew its stake in TJX Companies by 1.3% in the 4th quarter. GDS Wealth Management now owns 143,001 shares of the apparel and home fashions retailer’s stock valued at $21,966,000 after buying an additional 1,788 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in TJX Companies in the 4th quarter valued at $104,520,000. Finally, Blalock Williams LLC boosted its holdings in TJX Companies by 4.8% in the 4th quarter. Blalock Williams LLC now owns 2,921 shares of the apparel and home fashions retailer’s stock valued at $449,000 after purchasing an additional 135 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TJX shares. Telsey Advisory Group increased their price target on shares of TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 price target on shares of TJX Companies in a report on Thursday, January 8th. Weiss Ratings raised shares of TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, April 1st. BTIG Research reissued a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $167.55.

Insider Activity at TJX Companies

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

TJX Companies Price Performance

Shares of TJX Companies stock opened at $156.94 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The firm has a fifty day moving average price of $158.51 and a two-hundred day moving average price of $153.57. The company has a market cap of $173.70 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 3.60 and a beta of 0.64.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $1.23 EPS. 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. Analysts expect that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

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

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.