Live Oak Private Wealth LLC Sells 11,742 Shares of The TJX Companies, Inc. $TJX

Live Oak Private Wealth LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,671 shares of the apparel and home fashions retailer’s stock after selling 11,742 shares during the quarter. Live Oak Private Wealth LLC’s holdings in TJX Companies were worth $7,980,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in TJX Companies during the second quarter worth about $16,489,926,000. Geode Capital Management LLC increased its holdings in TJX Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after buying an additional 673,690 shares during the period. Bank of America Corp DE increased its holdings in TJX Companies by 2.0% in the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock valued at $3,935,630,000 after buying an additional 495,989 shares during the period. Capital International Investors raised its position in shares of TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after buying an additional 308,408 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $2,211,975,000. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the transaction, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 100,818 shares of company stock worth $16,306,691. Insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $133.26 on Wednesday. The stock has a market cap of $146.58 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 2.42 and a beta of 0.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The company has a 50 day simple moving average of $151.62 and a 200 day simple moving average of $155.82. The TJX Companies, Inc. has a 1 year low of $133.04 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share 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 net margin of 9.73% and a return on equity of 56.56%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $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. Research analysts anticipate that The TJX Companies, Inc. will post 5.21 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 35.49%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TJX shares. BTIG Research reiterated a “buy” rating and set a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Barclays set a $188.00 target price on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, Evercore reiterated an “outperform” rating and issued a $173.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Two investment 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 stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $171.63.

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.