Fieldview Capital Management LLC Makes New $2.82 Million Investment in The TJX Companies, Inc. $TJX

Fieldview Capital Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,524 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,822,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lavaca Capital LLC purchased a new stake in TJX Companies during the second quarter valued at approximately $25,000. Dogwood Wealth Management LLC boosted its stake in TJX Companies by 102.2% in 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 in the last quarter. GGM Financials LLC purchased a new position in TJX Companies in the third quarter worth $27,000. Howard Hughes Medical Institute acquired a new position in shares of TJX Companies during the second quarter worth $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the second quarter worth $32,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $159.61 on Monday. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $162.68. 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 firm has a market capitalization of $177.24 billion, a PE ratio of 32.71, a P/E/G ratio of 3.67 and a beta of 0.73. The firm has a 50 day moving average of $155.30 and a two-hundred day moving average of $148.72.

TJX Companies (NYSE:TJX) last released 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. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. 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. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 12th. TJX Companies’s dividend payout ratio is presently 34.84%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 price objective (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Telsey Advisory Group lifted their target price on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Jefferies Financial Group reissued a “buy” rating and set a $170.00 target price on shares of TJX Companies in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft set a $184.00 price target on shares of TJX Companies in a research note on Thursday, January 8th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued 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 $167.55.

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.