MQS Management LLC Invests $536,000 in The TJX Companies, Inc. $TJX

MQS Management LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 3,355 shares of the apparel and home fashions retailer’s stock, valued at approximately $536,000.

Several other institutional investors also recently modified their holdings of TJX. Kohmann Bosshard Financial Services LLC increased its holdings in TJX Companies by 11.0% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after buying an additional 66 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in TJX Companies by 5.3% in the 1st quarter. Premier Path Wealth Partners LLC now owns 16,349 shares of the apparel and home fashions retailer’s stock worth $2,611,000 after buying an additional 819 shares during the last quarter. Asset Planning Inc raised its position in TJX Companies by 9.1% in the 1st quarter. Asset Planning Inc now owns 1,852 shares of the apparel and home fashions retailer’s stock worth $296,000 after buying an additional 154 shares during the last quarter. 626 Financial LLC lifted its stake in TJX Companies by 4.1% during the 1st quarter. 626 Financial LLC now owns 2,263 shares of the apparel and home fashions retailer’s stock valued at $361,000 after acquiring an additional 90 shares during the period. Finally, SJS Investment Consulting Inc. lifted its stake in TJX Companies by 50.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,091 shares of the apparel and home fashions retailer’s stock valued at $174,000 after acquiring an additional 368 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TJX. Barclays reiterated an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup restated a “buy” rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. BTIG Research raised their target price on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Argus raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $174.58.

TJX Companies Trading Up 0.2%

Shares of NYSE:TJX opened at $151.50 on Wednesday. The stock’s 50-day simple moving average is $157.70 and its two-hundred day simple moving average is $156.86. The stock has a market capitalization of $167.36 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 3.28 and a beta of 0.62. The TJX Companies, Inc. has a 52-week low of $119.84 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 released 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 during the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’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. Analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is 37.28%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

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.