Savvy Advisors Inc. Has $4.42 Million Stock Position in The TJX Companies, Inc. $TJX

Savvy Advisors Inc. boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 60.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,758 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,804 shares during the period. Savvy Advisors Inc.’s holdings in TJX Companies were worth $4,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Brighton Jones LLC increased its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC raised its position in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares during the last quarter. Bison Wealth LLC boosted its stake in TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after purchasing an additional 955 shares in the last quarter. United Bank boosted its stake in TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. bought a new stake in shares of TJX Companies during the second quarter worth $244,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on TJX. Guggenheim raised TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Wells Fargo & Company reissued 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. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Finally, Robert W. Baird set a $168.00 target price on shares of TJX Companies in a research report on Wednesday, December 17th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Trading Up 0.0%

TJX stock opened at $161.37 on Friday. The company has a market cap of $178.60 billion, a P/E ratio of 33.07, a PEG ratio of 3.71 and a beta of 0.73. The TJX Companies, Inc. has a twelve month low of $116.37 and a twelve month high of $162.68. 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 business has a fifty day moving average of $156.05 and a 200-day moving average of $151.28.

TJX Companies (NYSE:TJX) last posted its quarterly 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. The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $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, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

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

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.