Fifth Third Wealth Advisors LLC Has $7.55 Million Stock Position in The TJX Companies, Inc. $TJX

Fifth Third Wealth Advisors LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.5% during the second quarter, HoldingsChannel reports. The firm owned 49,868 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,481 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in TJX Companies were worth $7,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC increased its position in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after acquiring an additional 235 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after acquiring an additional 955 shares during the period. United Bank raised its holdings in shares of TJX Companies by 7.6% during the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after acquiring an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $244,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $152.00 on Friday. The firm has a 50 day simple moving average of $157.63 and a 200 day simple moving average of $156.73. The TJX Companies, Inc. has a 52 week low of $132.01 and a 52 week high of $170.00. The stock has a market cap 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 company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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 net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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. Research analysts anticipate that The TJX Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. 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 (DPR) is currently 37.28%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TJX shares. Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, BTIG Research lifted their price target on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Buy” and an average target price of $177.94.

Insider Transactions at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies 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 sale, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 in the last ninety days. Company insiders own 0.15% of the company’s stock.

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.