The TJX Companies, Inc. $TJX Shares Sold by Rational Advisors Inc.

Rational Advisors Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 29.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,950 shares of the apparel and home fashions retailer’s stock after selling 7,050 shares during the quarter. Rational Advisors Inc.’s holdings in TJX Companies were worth $2,604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Trust Point Inc. boosted its holdings in shares of TJX Companies by 1.3% in the 4th quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock valued at $803,000 after buying an additional 66 shares during the period. Jaffetilchin Investment Partners LLC boosted its holdings in shares of TJX Companies by 1.6% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after buying an additional 66 shares during the period. Tempus Wealth Planning LLC boosted its holdings in shares of TJX Companies by 0.5% in the 4th quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after buying an additional 67 shares during the period. Verde Capital Management boosted its holdings in shares of TJX Companies by 0.7% in the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock valued at $1,539,000 after buying an additional 67 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in shares of TJX Companies by 3.0% in the 4th quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer’s stock valued at $371,000 after buying an additional 69 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research reports. Telsey Advisory Group lifted their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Citigroup reaffirmed a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Weiss Ratings lowered shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus target price of $174.58.

TJX Companies Trading Up 0.5%

Shares of NYSE:TJX opened at $153.53 on Wednesday. The company has a market cap of $169.77 billion, a PE ratio of 29.81, a P/E/G ratio of 3.32 and a beta of 0.62. The company’s 50-day moving average price is $156.81 and its 200 day moving average price is $155.18. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. TJX Companies’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.15 earnings per share for the current 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 given a $0.48 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.92 annualized dividend and a yield of 1.3%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s payout ratio is 37.28%.

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.