Sigma Planning Corp Grows Stock Position in The TJX Companies, Inc. $TJX

Sigma Planning Corp lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 82.0% during the second quarter, HoldingsChannel.com reports. The fund owned 20,903 shares of the apparel and home fashions retailer’s stock after acquiring an additional 9,417 shares during the period. Sigma Planning Corp’s holdings in TJX Companies were worth $3,167,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $26,000. IMG Wealth Management Inc. boosted its position in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new position in TJX Companies during the second quarter worth about $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX Companies stock opened at $135.16 on Monday. The TJX Companies, Inc. has a 12-month low of $133.55 and a 12-month high of $170.00. The stock has a market cap 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 50-day moving average price of $152.86 and a 200 day moving average price of $156.07. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 earnings per share. 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.21 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 35.49%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TJX. Evercore reaffirmed an “outperform” rating and set a $173.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. UBS Group restated a “buy” rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research report on Tuesday, August 25th. Jefferies Financial Group cut TJX Companies from a “buy” rating to a “hold” rating and cut their price target for the company from $180.00 to $145.00 in a report on Wednesday. Finally, Robert W. Baird lifted their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $172.84.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction 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 completion of the sale, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares in the company, valued at $87,051,761. This represents a 5.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by insiders.

About TJX Companies

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.