The TJX Companies, Inc. $TJX Shares Bought by HORAN Wealth LLC

HORAN Wealth LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 99.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 70,658 shares of the apparel and home fashions retailer’s stock after purchasing an additional 35,240 shares during the quarter. TJX Companies comprises about 1.1% of HORAN Wealth LLC’s holdings, making the stock its 18th largest position. HORAN Wealth LLC’s holdings in TJX Companies were worth $11,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft grew its position in TJX Companies by 1.4% in the first quarter. Baader Bank Aktiengesellschaft now owns 8,426 shares of the apparel and home fashions retailer’s stock valued at $1,338,000 after acquiring an additional 116 shares in the last quarter. Burling Wealth Partners LLC lifted its position in shares of TJX Companies by 4.3% during the first quarter. Burling Wealth Partners LLC now owns 47,754 shares of the apparel and home fashions retailer’s stock worth $7,626,000 after purchasing an additional 1,974 shares in the last quarter. Wilkerson Advisory Group LLC boosted its stake in shares of TJX Companies by 76.5% in the first quarter. Wilkerson Advisory Group LLC now owns 300 shares of the apparel and home fashions retailer’s stock valued at $48,000 after purchasing an additional 130 shares during the period. Glenview Trust Co boosted its stake in shares of TJX Companies by 1.6% in the first quarter. Glenview Trust Co now owns 127,634 shares of the apparel and home fashions retailer’s stock valued at $20,383,000 after purchasing an additional 1,984 shares during the period. Finally, Summit Global Investments grew its holdings in TJX Companies by 1.6% during the 1st quarter. Summit Global Investments now owns 6,135 shares of the apparel and home fashions retailer’s stock valued at $980,000 after purchasing an additional 94 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.8%

Shares of NYSE TJX opened at $155.67 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $156.67 and its two-hundred day moving average price is $156.54. The TJX Companies, Inc. has a 52-week low of $122.30 and a 52-week high of $170.00. The stock has a market capitalization of $171.96 billion, a P/E ratio of 30.23, a PEG ratio of 3.35 and a beta of 0.63.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. 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. On average, analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on TJX shares. BTIG Research boosted their price objective 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. Erste Group Bank downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. lifted their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Barclays reissued an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $176.89.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s 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 completion of the transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,367 shares of company stock worth $20,959,476 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

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.