Professional Advisory Services Inc. Has $21.61 Million Stock Position in The TJX Companies, Inc. $TJX

Professional Advisory Services Inc. grew its position in The TJX Companies, Inc. (NYSE:TJX) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,656 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,830 shares during the quarter. TJX Companies comprises approximately 2.6% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 25th biggest position. Professional Advisory Services Inc.’s holdings in TJX Companies were worth $21,612,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Coston McIsaac & Partners lifted its stake in TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 64 shares during the period. Hohimer Wealth Management LLC raised its holdings in TJX Companies by 1.2% in the 4th quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock worth $859,000 after purchasing an additional 66 shares in the last quarter. Kohmann Bosshard Financial Services LLC raised 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 purchasing an additional 66 shares in the last quarter. Verde Capital Management lifted its position in shares of TJX Companies by 0.7% in the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock worth $1,539,000 after purchasing an additional 67 shares during the period. Finally, Intellectus Partners LLC boosted its stake in shares of TJX Companies by 1.1% during the 4th quarter. Intellectus Partners LLC now owns 6,299 shares of the apparel and home fashions retailer’s stock valued at $968,000 after purchasing an additional 67 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the transaction, the chief executive officer owned 552,850 shares in the company, valued at approximately $87,051,761. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director owned 802 shares in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. 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 over the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

TJX Companies Trading Down 0.5%

TJX Companies stock opened at $161.21 on Friday. The TJX Companies, Inc. has a 12 month low of $130.88 and a 12 month high of $170.00. The company has a market capitalization of $178.09 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 3.50 and a beta of 0.62. The business’s fifty day simple moving average is $157.85 and its two-hundred day simple moving average is $156.76. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. 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, equities analysts predict that The TJX Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

TJX has been the subject of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Erste Group Bank downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Robert W. Baird increased their target price on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Weiss Ratings cut TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Finally, Truist Financial set a $190.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $177.94.

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.