The TJX Companies, Inc. $TJX Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 108.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,224 shares of the apparel and home fashions retailer’s stock after buying an additional 4,270 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in TJX Companies were worth $1,313,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after buying an additional 235 shares during the last quarter. Bison Wealth LLC boosted its position 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 worth $466,000 after buying an additional 955 shares during the period. United Bank boosted its position 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 worth $2,013,000 after buying an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. bought a new position in TJX Companies in the 2nd quarter worth approximately $244,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TJX. JPMorgan Chase & Co. raised their target price on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Wells Fargo & Company reissued an “outperform” rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. UBS Group reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Finally, Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $174.58.

Insider Buying and Selling at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies 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 transaction, the chairman 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. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the sale, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 in the last ninety days. 0.15% of the stock is owned by insiders.

TJX Companies Stock Performance

TJX opened at $151.36 on Tuesday. The business has a 50 day moving average price of $157.88 and a two-hundred day moving average price of $156.89. 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 company has a market capitalization of $167.20 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 3.37 and a beta of 0.62. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts predict that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

TJX Companies 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.