The TJX Companies, Inc. $TJX Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 12.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 181,654 shares of the apparel and home fashions retailer’s stock after buying an additional 19,571 shares during the quarter. NEOS Investment Management LLC’s holdings in TJX Companies were worth $27,521,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in 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 worth $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in TJX Companies during the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies in the fourth quarter worth $26,000. Imprint Wealth LLC purchased a new position in shares of TJX Companies in the third quarter worth $27,000. Finally, IMG Wealth Management Inc. lifted its stake in shares of 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 buying an additional 69 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 0.1%

Shares of TJX Companies stock opened at $132.09 on Friday. The firm has a 50-day simple moving average of $150.02 and a two-hundred day simple moving average of $155.33. 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 fifty-two week low of $130.15 and a fifty-two week high of $170.00. The company has a market cap of $145.30 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60.

TJX Companies (NYSE:TJX) last posted its 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 analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $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 predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $190.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $180.00 to $145.00 in a research note on Wednesday, August 26th. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Morgan Stanley set a $178.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $171.63.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.15% of the stock is currently owned by company 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.