Schuylkill Financial LLC Makes New $767,000 Investment in The TJX Companies, Inc. $TJX

Schuylkill Financial LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, HoldingsChannel reports. The institutional investor acquired 5,062 shares of the apparel and home fashions retailer’s stock, valued at approximately $767,000.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in TJX Companies in the second quarter valued at $16,489,926,000. Bank of America Corp DE bought a new position in TJX Companies in the 2nd quarter worth $3,511,553,000. Norges Bank purchased a new stake in shares of TJX Companies in the 4th quarter worth about $2,211,975,000. Bank of New York Mellon Corp bought a new stake in shares of TJX Companies during the 2nd quarter valued at about $1,598,731,000. Finally, Primecap Management Co. CA purchased a new position in shares of TJX Companies during the second quarter valued at about $1,435,617,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction that occurred on 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 directly owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $132.09 on Friday. The business has a fifty day moving average price of $150.02 and a 200-day moving average price of $155.33. 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 market capitalization of $145.30 billion, a PE ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60. The TJX Companies, Inc. has a 1-year low of $130.15 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the business posted $1.10 EPS. TJX Companies’s revenue was up 5.4% compared to the same quarter last year. 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 expect that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Morgan Stanley set a $178.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Wells Fargo & Company lowered their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently 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.