UNIVEST FINANCIAL Corp Sells 4,462 Shares of The TJX Companies, Inc. $TJX

UNIVEST FINANCIAL Corp lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,835 shares of the apparel and home fashions retailer’s stock after selling 4,462 shares during the period. TJX Companies makes up approximately 0.8% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 28th biggest position. UNIVEST FINANCIAL Corp’s holdings in TJX Companies were worth $14,187,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies during the 4th quarter valued at $26,000. Joseph Group Capital Management purchased a new stake in TJX Companies during the 4th quarter valued at $27,000. Finally, IMG Wealth Management Inc. lifted its position in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by insiders.

TJX Companies Trading Up 0.3%

TJX stock traded up $0.40 during midday trading on Friday, reaching $151.30. The company’s stock had a trading volume of 4,168,337 shares, compared to its average volume of 5,629,683. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $170.00. The firm has a market capitalization of $167.14 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 3.28 and a beta of 0.63. The stock has a fifty day simple moving average of $156.82 and a two-hundred day simple moving average of $156.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, equities research analysts predict that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on TJX shares. Robert W. Baird lifted their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. Telsey Advisory Group upped their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Evercore reissued an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and an average price target of $176.89.

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.