HighTower Advisors LLC Has $220.13 Million Stock Holdings in The TJX Companies, Inc. $TJX

HighTower Advisors LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,433,051 shares of the apparel and home fashions retailer’s stock after buying an additional 23,488 shares during the quarter. HighTower Advisors LLC’s holdings in TJX Companies were worth $220,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dogwood Wealth Management LLC boosted its holdings in TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares during the period. Entrust Financial LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $26,000. GGM Financials LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $27,000. Joseph Group Capital Management bought a new stake in TJX Companies during the 4th quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. grew its holdings in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 1.9%

TJX opened at $150.26 on Tuesday. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $166.15 billion, a price-to-earnings ratio of 30.79, a P/E/G ratio of 3.39 and a beta of 0.64. The business has a 50 day moving average of $156.86 and a 200-day moving average of $154.26.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion during 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 period 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 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 announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.48 dividend. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio is currently 39.34%.

Analysts Set New Price Targets

Several research analysts have commented on TJX shares. Truist Financial initiated coverage on TJX Companies in a report on Monday. They set a “buy” rating and a $175.00 price target for the company. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Barclays increased their price objective on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Argus raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, UBS Group reissued a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Three research analysts have rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company. According to MarketBeat, TJX Companies presently has an average rating of “Buy” and an average price target of $167.95.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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.