Jackson Square Capital LLC Purchases 7,096 Shares of The TJX Companies, Inc. $TJX

by · The Markets Daily

Jackson Square Capital LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 18.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,782 shares of the apparel and home fashions retailer’s stock after buying an additional 7,096 shares during the quarter. TJX Companies accounts for 1.4% of Jackson Square Capital LLC’s holdings, making the stock its 20th biggest position. Jackson Square Capital LLC’s holdings in TJX Companies were worth $7,033,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Franklin Street Advisors Inc. NC lifted its position in shares of TJX Companies by 0.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 223,210 shares of the apparel and home fashions retailer’s stock worth $34,287,000 after buying an additional 1,742 shares in the last quarter. Hartford Financial Management Inc. lifted its position in shares of TJX Companies by 2.5% during the 4th quarter. Hartford Financial Management Inc. now owns 16,791 shares of the apparel and home fashions retailer’s stock worth $2,579,000 after buying an additional 415 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of TJX Companies by 4.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 61,057 shares of the apparel and home fashions retailer’s stock worth $9,379,000 after buying an additional 2,610 shares in the last quarter. Palumbo Wealth Management LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $274,000. Finally, Hunter Associates Investment Management LLC lifted its position in shares of TJX Companies by 14.6% during the 4th quarter. Hunter Associates Investment Management LLC now owns 3,453 shares of the apparel and home fashions retailer’s stock worth $530,000 after buying an additional 441 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 2.6%

TJX Companies stock opened at $161.67 on Thursday. The firm has a 50 day simple moving average of $156.76 and a 200 day simple moving average of $151.71. 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 TJX Companies, Inc. has a 1-year low of $119.75 and a 1-year high of $162.68. The firm has a market capitalization of $178.94 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 3.71 and a beta of 0.73.

TJX Companies (NYSE:TJXGet Free Report) last issued its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. 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 predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

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

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Guggenheim raised shares of TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Weiss Ratings raised shares of TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, April 1st. Finally, Telsey Advisory Group lifted their price target 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. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $167.55.

Get Our Latest Stock Analysis on TJX Companies

TJX Companies Company Profile

(Free Report)

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.

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