Welch & Forbes LLC Sells 5,992 Shares of The TJX Companies, Inc. $TJX

Welch & Forbes LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 771,975 shares of the apparel and home fashions retailer’s stock after selling 5,992 shares during the quarter. TJX Companies accounts for 1.6% of Welch & Forbes LLC’s portfolio, making the stock its 16th largest position. Welch & Forbes LLC owned about 0.07% of TJX Companies worth $123,285,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of TJX Companies in the 4th quarter valued at $2,211,975,000. Diamant Asset Management Inc. boosted its holdings in TJX Companies by 15,998.0% during the 1st quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock valued at $603,663,000 after acquiring an additional 3,756,502 shares during the period. Alliancebernstein L.P. grew its position in 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 acquiring an additional 3,208,458 shares during the last quarter. Corient Private Wealth LLC increased its stake in TJX Companies by 120.7% in 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 purchasing an additional 2,743,676 shares during the period. Finally, Amundi increased 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 worth $1,391,822,000 after purchasing an additional 1,761,281 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.3%

NYSE:TJX traded up $0.40 during trading hours on Friday, reaching $151.30. 4,168,337 shares of the company traded hands, compared to its average volume of 5,629,683. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $156.82 and its two-hundred day moving average price is $156.68. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $170.00. The stock has a market capitalization of $167.14 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.28 and a beta of 0.63.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same period last year, the company earned $0.92 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. 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. Analysts predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on TJX. Robert W. Baird raised their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Weiss Ratings upgraded TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 6th. Wells Fargo & Company reiterated an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Citigroup reaffirmed a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $176.89.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction on Tuesday, June 9th. The stock was 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 in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction dated 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 sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at $87,051,761. The trade was a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. Insiders own 0.15% of the company’s stock.

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.