Florida Trust Wealth Management Co Buys 6,805 Shares of The TJX Companies, Inc. $TJX

Florida Trust Wealth Management Co raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,679 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,805 shares during the quarter. Florida Trust Wealth Management Co’s holdings in TJX Companies were worth $27,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Lavaca Capital LLC bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $25,000. Dogwood Wealth Management LLC grew 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 purchasing an additional 92 shares during the period. GGM Financials LLC purchased a new stake in TJX Companies in the third quarter worth $27,000. Imprint Wealth LLC purchased a new stake in TJX Companies in the third quarter worth $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of TJX Companies in the third quarter valued at $28,000. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related 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 value of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.0%

TJX stock opened at $161.37 on Friday. 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 company’s 50 day moving average is $156.05 and its 200 day moving average is $151.28. The stock has a market cap of $178.60 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 3.71 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $116.37 and a 1-year high of $162.68.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same period in the previous year, the business posted $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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued 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 an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s payout ratio is presently 34.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TJX shares. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Barclays boosted their price target on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a research note on Wednesday, December 17th. Wells Fargo & Company reaffirmed a “positive” rating and issued a $150.00 price objective (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Finally, BTIG Research reissued 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. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of “Buy” and an average target price of $167.55.

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.