United Asset Strategies Inc. Boosts Position in The TJX Companies, Inc. $TJX

United Asset Strategies Inc. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 237.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,236 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,094 shares during the period. United Asset Strategies Inc.’s holdings in TJX Companies were worth $1,096,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Coston McIsaac & Partners lifted its holdings in shares of TJX Companies by 11.3% during the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 64 shares in the last quarter. 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 valued at $106,000 after purchasing an additional 66 shares in the last quarter. Hohimer Wealth Management LLC increased 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 valued at $859,000 after purchasing an additional 66 shares in the last quarter. Verde Capital Management raised its position in TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock valued at $1,539,000 after purchasing an additional 67 shares during the period. Finally, Intellectus Partners LLC raised its position in TJX Companies by 1.1% in the fourth 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 during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TJX shares. JPMorgan Chase & Co. upped 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. Robert W. Baird raised their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Barclays reissued an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Finally, Citigroup reaffirmed a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $177.94.

TJX Companies Stock Performance

NYSE:TJX opened at $152.36 on Thursday. 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 firm has a 50-day moving average of $157.90 and a two-hundred day moving average of $156.76. The stock has a market cap of $168.31 billion, a P/E ratio of 29.58, a PEG ratio of 3.36 and a beta of 0.62. The TJX Companies, Inc. has a 1-year low of $132.01 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX) last announced its 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. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same period last year, the firm earned $0.92 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. 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, research analysts expect that The TJX Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Insiders Place Their Bets

In other news, 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 directly owned 802 shares in the company, valued at approximately $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was 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 $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 90 days. 0.15% of the stock is owned by company insiders.

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.