The TJX Companies, Inc. $TJX Shares Sold by WealthShield Partners LLC

WealthShield Partners LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 25.5% in the 1st quarter, Holdings Channel reports. The fund owned 25,254 shares of the apparel and home fashions retailer’s stock after selling 8,634 shares during the period. WealthShield Partners LLC’s holdings in TJX Companies were worth $4,033,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Coston McIsaac & Partners boosted its stake in TJX Companies by 11.3% during the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after purchasing an additional 64 shares during the period. Trust Point Inc. increased its stake 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 valued at $803,000 after purchasing an additional 66 shares during the period. Jaffetilchin Investment Partners LLC raised its holdings in shares of TJX Companies by 1.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after buying an additional 66 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its position in shares of TJX Companies by 11.0% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after buying an additional 66 shares during the period. Finally, Hohimer Wealth Management LLC boosted its position in shares of TJX Companies by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock worth $859,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TJX. Citigroup restated a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. BTIG Research increased their price target on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and an average price target of $176.89.

Insider Transactions at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX traded up $0.40 during mid-day trading on Friday, reaching $151.30. 4,168,337 shares of the company traded hands, compared to its average volume of 5,629,683. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $170.00. The firm has a market cap of $167.14 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 3.27 and a beta of 0.63. The stock has a fifty day simple moving average of $156.82 and a 200-day simple moving average of $156.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio is 37.28%.

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.