The TJX Companies, Inc. $TJX Shares Purchased by Summitry LLC

Summitry LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 241.3% in the first quarter, HoldingsChannel.com reports. The fund owned 5,252 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,713 shares during the quarter. Summitry LLC’s holdings in TJX Companies were worth $839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WNY Asset Management LLC acquired a new stake in TJX Companies during the first quarter worth approximately $400,000. Wellington Grp LLC raised its holdings in TJX Companies by 2.4% in the 1st quarter. Wellington Grp LLC now owns 10,520 shares of the apparel and home fashions retailer’s stock valued at $1,680,000 after acquiring an additional 249 shares during the last quarter. Groupe la Francaise raised its holdings in TJX Companies by 7.0% in the 1st quarter. Groupe la Francaise now owns 137,280 shares of the apparel and home fashions retailer’s stock valued at $21,926,000 after acquiring an additional 9,002 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in shares of TJX Companies by 4,172.2% during the 1st quarter. SOA Wealth Advisors LLC. now owns 769 shares of the apparel and home fashions retailer’s stock worth $123,000 after purchasing an additional 751 shares during the period. Finally, Western Wealth Management LLC lifted its stake in shares of TJX Companies by 0.4% during the 1st quarter. Western Wealth Management LLC now owns 22,993 shares of the apparel and home fashions retailer’s stock worth $3,672,000 after purchasing an additional 98 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the sale, the chief financial officer directly owned 64,257 shares in the company, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were 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 directly owned 514,848 shares in the company, valued at $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last quarter. Company insiders own 0.15% of the company’s stock.

TJX Companies Stock Down 1.1%

TJX opened at $157.50 on Friday. The firm has a 50 day moving average price of $157.57 and a 200 day moving average price of $156.66. The company has a market cap of $173.99 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 3.45 and a beta of 0.63. The TJX Companies, Inc. has a 1 year low of $123.78 and a 1 year high of $170.00. 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 posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter last year, the firm posted $0.92 earnings per share. TJX Companies’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TJX Companies’s payout ratio is presently 37.28%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. BTIG Research lifted their price objective on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Evercore reissued an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a research report on Thursday, May 21st. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. Robert W. Baird increased their price target 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. Finally, Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $176.89.

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.