Baltimore Washington Financial Advisors Inc. Acquires 19,795 Shares of The TJX Companies, Inc. $TJX

Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,844 shares of the apparel and home fashions retailer’s stock after purchasing an additional 19,795 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in TJX Companies were worth $26,139,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Banco Santander S.A. increased its holdings in TJX Companies by 24.6% in the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock valued at $23,180,000 after buying an additional 31,631 shares during the period. Bank of Nova Scotia lifted its stake in shares of TJX Companies by 129.9% in the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after acquiring an additional 152,453 shares during the last quarter. Empowered Funds LLC raised its position in TJX Companies by 66.6% in the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after purchasing an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. raised its holdings in TJX Companies by 26.0% in the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after buying an additional 76,400 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of TJX Companies by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after acquiring an additional 8,006 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s 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 completion of the transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.8%

NYSE:TJX opened at $159.61 on Friday. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $162.68. The stock’s fifty day moving average price is $155.30 and its two-hundred day moving average price is $148.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The company has a market cap of $177.24 billion, a P/E ratio of 32.71, a P/E/G ratio of 3.70 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share 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%.The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous 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. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 12th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America upped their target price on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a report on Tuesday, January 6th. Telsey Advisory Group raised their target price on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Wells Fargo & Company reissued a “positive” rating and set a $150.00 price target (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lifted their price target on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $167.55.

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.