Ponta Wealth Partners LLC Buys New Position in The TJX Companies, Inc. $TJX

Ponta Wealth Partners LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,707 shares of the apparel and home fashions retailer’s stock, valued at approximately $877,000.

Several other large investors have also bought and sold shares of the stock. Trust Point Inc. raised its holdings in shares of TJX Companies by 1.3% in the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock valued at $803,000 after purchasing an additional 66 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in 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 worth $651,000 after purchasing an additional 66 shares in the last quarter. Tempus Wealth Planning LLC grew its position in 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 worth $1,886,000 after purchasing an additional 67 shares in the last quarter. Sound Income Strategies LLC increased its stake in 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 last quarter. Finally, Bigelow Investment Advisors LLC lifted its position in shares of TJX Companies by 0.6% during the 4th quarter. Bigelow Investment Advisors LLC now owns 11,006 shares of the apparel and home fashions retailer’s stock worth $1,691,000 after buying an additional 69 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.3%

Shares of TJX stock opened at $155.49 on Thursday. The company has a 50 day moving average of $158.40 and a 200-day moving average of $153.88. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82. The firm has a market cap of $171.94 billion, a P/E ratio of 31.86, a PEG ratio of 3.56 and a beta of 0.64.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. TJX Companies’s revenue for the quarter was up 8.5% on a year-over-year basis. 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.06 earnings per share for the current year.

TJX Companies Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group boosted their target price on TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Argus upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Barclays raised their target price on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $167.55.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The stock was 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 owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Company 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.