Northeast Investment Management Acquires 16,384 Shares of The TJX Companies, Inc. $TJX

Northeast Investment Management boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.0% in the second quarter, HoldingsChannel reports. The fund owned 165,229 shares of the apparel and home fashions retailer’s stock after acquiring an additional 16,384 shares during the period. Northeast Investment Management’s holdings in TJX Companies were worth $25,032,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in shares of 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 valued at $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. grew its stake in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the last quarter. Finally, Joseph Group Capital Management bought a new position in TJX Companies during the 4th quarter valued at approximately $27,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TJX. Evercore reiterated an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. Barclays restated an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two equities research 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 stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $177.94.

Insider Activity at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the sale, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $4,652,785.54. Following the completion of the sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,367 shares of company stock valued at $20,959,476 over the last ninety days. Company insiders own 0.15% of the company’s stock.

TJX Companies Trading Down 1.2%

TJX Companies stock opened at $152.00 on Friday. The TJX Companies, Inc. has a one year low of $132.01 and a one year high of $170.00. The business’s fifty day moving average is $157.63 and its 200 day moving average is $156.73. The stock has a market capitalization of $167.91 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion during 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 previous year, the firm 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. On average, sell-side analysts predict that The TJX Companies, Inc. will post 5.19 EPS for the current year.

TJX Companies Dividend Announcement

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