Hennessy Advisors Inc. Acquires Shares of 17,124 The TJX Companies, Inc. $TJX

Hennessy Advisors Inc. bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 17,124 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,594,000.

A number of other large investors have also modified their holdings of the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in TJX Companies in the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $26,000. IMG Wealth Management Inc. boosted its position in shares of TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new position in shares of TJX Companies during the 4th quarter worth $27,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the subject of a number of research analyst reports. Erste Group Bank downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Robert W. Baird upped their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating on shares of TJX Companies in a research report on Thursday, August 6th. Finally, BTIG Research boosted their price target on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $177.94.

Insider Buying and Selling

In related news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated 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 owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,367 shares of company stock valued at $20,959,476 over the last three months. Insiders own 0.15% of the company’s stock.

TJX Companies Trading Down 1.2%

Shares of TJX Companies stock opened at $152.00 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The TJX Companies, Inc. has a 1 year low of $132.01 and a 1 year high of $170.00. The company has a market capitalization of $167.91 billion, a P/E ratio of 29.51, a P/E/G ratio of 3.28 and a beta of 0.62. The business has a 50 day moving average price of $157.63 and a 200 day moving average price of $156.73.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion for 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%.TJX Companies’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 37.28%.

TJX Companies Company 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.