Smithbridge Asset Management Inc. DE Decreases Stock Position in The TJX Companies, Inc. $TJX

Smithbridge Asset Management Inc. DE lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 50.4% in the first quarter, HoldingsChannel reports. The fund owned 69,277 shares of the apparel and home fashions retailer’s stock after selling 70,341 shares during the period. TJX Companies makes up about 1.6% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 20th biggest position. Smithbridge Asset Management Inc. DE’s holdings in TJX Companies were worth $11,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC increased its stake in TJX Companies by 41.5% in the 1st quarter. Root Financial Partners LLC now owns 3,976 shares of the apparel and home fashions retailer’s stock worth $635,000 after purchasing an additional 1,167 shares during the period. Jacobsen Capital Management grew its holdings in shares of TJX Companies by 2.5% in the first quarter. Jacobsen Capital Management now owns 3,741 shares of the apparel and home fashions retailer’s stock worth $597,000 after purchasing an additional 93 shares during the last quarter. WD Rutherford LLC grew its holdings in shares of TJX Companies by 2.5% in the first quarter. WD Rutherford LLC now owns 29,886 shares of the apparel and home fashions retailer’s stock worth $4,773,000 after purchasing an additional 719 shares during the last quarter. Essex Financial Services Inc. boosted its position in TJX Companies by 2.3% during the 1st quarter. Essex Financial Services Inc. now owns 38,792 shares of the apparel and home fashions retailer’s stock valued at $6,195,000 after buying an additional 875 shares during the period. Finally, Deltec Asset Management LLC grew its holdings in TJX Companies by 23.7% in the 1st quarter. Deltec Asset Management LLC now owns 26,100 shares of the apparel and home fashions retailer’s stock worth $4,168,000 after acquiring an additional 5,000 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.2%

Shares of NYSE TJX opened at $151.22 on Thursday. The firm has a fifty day simple moving average of $157.54 and a two-hundred day simple moving average of $156.83. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $170.00. 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 firm has a market capitalization of $167.05 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating 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 analyst estimates of $14.02 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter 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 expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. 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 payout ratio is presently 37.28%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Truist Financial set a $190.00 target price on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. BTIG Research boosted their price target on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $160.00 price target (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Citigroup reiterated a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Three 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.com, the stock presently has an average rating of “Buy” and an average price target of $174.58.

Insider Transactions at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the sale, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 over the last quarter. Insiders own 0.15% of the company’s stock.

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.