Hennessy Advisors Inc. Invests $2.59 Million in The TJX Companies, Inc. $TJX

Hennessy Advisors Inc. bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, Holdings Channel reports. The fund bought 17,124 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,594,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss Life Asset Management Ltd raised its holdings in TJX Companies by 9.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after acquiring an additional 32,407 shares in the last quarter. Danske Bank A S acquired a new stake in shares of TJX Companies during the 2nd quarter worth $829,000. J.Safra Asset Management Corp increased its position in shares of TJX Companies by 78.3% in the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after purchasing an additional 2,989 shares during the period. Bluedoor Private Wealth LLC acquired a new position in TJX Companies in the fourth quarter valued at about $2,559,000. Finally, Man Group plc bought a new stake in TJX Companies during the second quarter worth about $217,422,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TJX shares. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $182.00 to $154.00 in a report on Thursday, August 20th. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Wells Fargo & Company cut their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Morgan Stanley set a $178.00 target price on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, Evercore reissued an “outperform” rating and set a $173.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $172.84.

TJX Companies Price Performance

TJX stock opened at $135.16 on Monday. The company has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a PEG ratio of 2.44 and a beta of 0.62. The company has a fifty day moving average price of $152.86 and a 200-day moving average price of $156.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The TJX Companies, Inc. has a 52-week low of $133.55 and a 52-week high of $170.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 5.21 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s payout ratio is 35.49%.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction 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. This represents a 21.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction 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 completion of the sale, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 over the last 90 days. 0.15% 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.