Boston Common Asset Management LLC Has $21.08 Million Holdings in The TJX Companies, Inc. $TJX

Boston Common Asset Management LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,196 shares of the apparel and home fashions retailer’s stock after selling 40,656 shares during the period. TJX Companies makes up 1.1% of Boston Common Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding. Boston Common Asset Management LLC’s holdings in TJX Companies were worth $21,075,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Trust Point Inc. lifted its position in shares of TJX Companies by 1.3% in the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock worth $803,000 after buying an additional 66 shares during the last quarter. High Note Wealth LLC increased its holdings in shares of TJX Companies by 12.1% during the 3rd quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock valued at $96,000 after acquiring an additional 72 shares during the last quarter. Valley National Advisers Inc. raised its stake in shares of TJX Companies by 2.3% in the 3rd quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock valued at $472,000 after acquiring an additional 73 shares in the last quarter. Webster Bank N. A. raised its position in shares of TJX Companies by 1.6% in the third quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock valued at $661,000 after purchasing an additional 73 shares during the period. Finally, REAP Financial Group LLC raised its holdings in TJX Companies by 12.1% in the 3rd quarter. REAP Financial Group LLC now owns 676 shares of the apparel and home fashions retailer’s stock worth $98,000 after acquiring an additional 73 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.3%

TJX opened at $155.58 on Tuesday. The company has a market capitalization of $172.76 billion, a P/E ratio of 31.88, a P/E/G ratio of 3.57 and a beta of 0.73. 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 firm’s fifty day moving average price is $155.53 and its two-hundred day moving average price is $150.77. The TJX Companies, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $162.68.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analysts’ expectations 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 was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.2%. 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. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Analysts Set New Price Targets

TJX has been the subject of several research analyst reports. Argus raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Telsey Advisory Group boosted their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company reiterated a “positive” rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $167.55.

Insider Buying and Selling

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

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.