Henson Edgewater Management LLC Takes Position in The TJX Companies, Inc. $TJX

Henson Edgewater Management LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,315 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,032,000. TJX Companies comprises about 1.1% of Henson Edgewater Management LLC’s portfolio, making the stock its 25th largest position.

A number of other large investors have also modified their holdings of TJX. Swiss Life Asset Management Ltd raised its position in shares of TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after acquiring an additional 32,407 shares during the last quarter. Danske Bank A S acquired a new position in shares of TJX Companies in the 2nd quarter valued at $829,000. J.Safra Asset Management Corp boosted its position in shares of TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after purchasing an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC bought a new position in shares of TJX Companies in the 4th quarter worth $2,559,000. Finally, Man Group plc acquired a new stake in shares of TJX Companies during the second quarter worth $217,422,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.7%

Shares of TJX stock opened at $135.16 on Friday. The firm has a fifty day moving average of $152.86 and a 200-day moving average of $156.07. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $133.55 and a 12-month high of $170.00. The company has a market capitalization of $149.31 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.60 and a beta of 0.62.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. 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 research analysts predict that The TJX Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 35.49%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $180.00 to $145.00 in a report on Wednesday. Gordon Haskett restated an “accumulate” rating and set a $155.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Wells Fargo & Company decreased their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, August 20th. JPMorgan Chase & Co. upped their price target on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Finally, BTIG Research reiterated a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $172.84.

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.