Bluebird Wealth Management LLC Purchases Shares of 12,535 The TJX Companies, Inc. $TJX

Bluebird Wealth Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 12,535 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,925,000. TJX Companies accounts for approximately 1.8% of Bluebird Wealth Management LLC’s holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Alliancebernstein L.P. boosted its position in shares of TJX Companies by 91.6% during the third 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 position in shares of TJX Companies by 120.7% during the second 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. Amundi boosted its position in shares of TJX Companies by 22.1% during the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after buying an additional 1,761,281 shares during the period. Mackenzie Financial Corp boosted its position in shares of TJX Companies by 81.2% during the third quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer’s stock worth $462,323,000 after buying an additional 1,433,801 shares during the period. Finally, Steadfast Capital Management LP boosted its position in shares of TJX Companies by 198.8% during the third quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer’s stock worth $296,779,000 after buying an additional 1,366,066 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX opened at $155.49 on Thursday. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82. The firm has a market capitalization of $171.94 billion, a PE ratio of 31.86, a PEG ratio of 3.56 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The business’s 50-day simple moving average is $158.40 and its 200 day simple moving average is $153.88.

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, topping the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for 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%.TJX Companies’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on TJX. Weiss Ratings raised TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, April 1st. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Barclays upped their price objective on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. BTIG Research reiterated a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Finally, Telsey Advisory Group upped their target price on TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company. According to data from MarketBeat, TJX Companies has a consensus rating of “Buy” and a consensus target price of $167.55.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

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.