MinichMacGregor Wealth Management LLC Buys 3,487 Shares of The TJX Companies, Inc. $TJX

MinichMacGregor Wealth Management LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,731 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,487 shares during the period. TJX Companies comprises approximately 1.1% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 24th biggest holding. MinichMacGregor Wealth Management LLC’s holdings in TJX Companies were worth $7,080,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 89 shares in the last quarter. Entrust Financial LLC bought a new stake in TJX Companies during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth approximately $26,000. Imprint Wealth LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $27,000. Finally, Joseph Group Capital Management bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $27,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Erste Group Bank downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Telsey Advisory Group boosted their price objective on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Barclays restated an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Evercore reiterated an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average price target of $177.94.

Insiders Place Their Bets

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director directly owned 802 shares in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 10,002 shares of the 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 sale, the chief executive officer owned 514,848 shares of the company’s stock, 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. Over the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by corporate insiders.

TJX Companies Price Performance

TJX opened at $152.00 on Friday. The company has a fifty day moving average price of $157.63 and a two-hundred day moving average price of $156.73. The firm has a market capitalization of $167.91 billion, a PE ratio of 29.51, a P/E/G ratio of 3.28 and a beta of 0.62. The TJX Companies, Inc. has a 52 week low of $132.01 and a 52 week 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the company earned $0.92 EPS. The firm’s revenue was up 9.2% on a year-over-year basis. 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. As a group, analysts anticipate that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Announces Dividend

The company 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. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio is currently 37.28%.

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.