Osprey Private Wealth LLC Has $10.63 Million Stock Position in The TJX Companies, Inc. $TJX

Osprey Private Wealth LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 8.5% during the first quarter, Holdings Channel reports. The fund owned 66,565 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,187 shares during the quarter. TJX Companies accounts for 3.1% of Osprey Private Wealth LLC’s holdings, making the stock its 9th largest position. Osprey Private Wealth LLC’s holdings in TJX Companies were worth $10,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in TJX Companies during the fourth quarter valued at approximately $2,211,975,000. Diamant Asset Management Inc. lifted its stake in shares of TJX Companies by 15,998.0% in the first quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock worth $603,663,000 after buying an additional 3,756,502 shares during the last quarter. Alliancebernstein L.P. boosted its holdings 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 worth $970,185,000 after buying an additional 3,208,458 shares during the period. Corient Private Wealth LLC boosted its holdings 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 worth $620,406,000 after buying an additional 2,743,676 shares during the period. Finally, Amundi grew its stake in TJX Companies by 22.1% in 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 buying an additional 1,761,281 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX traded up $0.40 on Friday, reaching $151.30. 4,168,337 shares of the stock traded hands, compared to its average volume of 5,629,683. The stock’s 50-day moving average price is $156.82 and its 200-day moving average price is $156.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a market cap of $167.14 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 3.27 and a beta of 0.63. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share 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 firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. 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 analysts forecast that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 37.28%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 29,549 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the transaction, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This represents a 5.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred 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 owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock worth $20,959,476 in the last three months. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TJX. Robert W. Baird boosted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Barclays reissued an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. BTIG Research increased their price objective on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Telsey Advisory Group boosted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $176.89.

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.