Vertrix Wealth Management LLC Buys Shares of 26,056 The TJX Companies, Inc. $TJX

Vertrix Wealth Management LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the first quarter, HoldingsChannel reports. The firm bought 26,056 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,161,000. TJX Companies comprises about 1.5% of Vertrix Wealth Management LLC’s holdings, making the stock its 25th biggest holding.

Several other large investors have also modified their holdings of the business. Coston McIsaac & Partners raised its position 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 worth $100,000 after purchasing an additional 64 shares during the last quarter. Trust Point Inc. lifted its stake in TJX Companies by 1.3% in the 4th quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock valued at $803,000 after buying an additional 66 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in TJX Companies by 1.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after buying an additional 66 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its position in TJX Companies by 11.0% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after buying an additional 66 shares in the last quarter. Finally, Hohimer Wealth Management LLC increased its position in TJX Companies by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock worth $859,000 after buying an additional 66 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.2%

Shares of NYSE:TJX opened at $151.22 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The firm has a market cap of $167.05 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 3.28 and a beta of 0.63. The stock’s 50-day moving average price is $157.54 and its two-hundred day moving average price is $156.83. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping 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 business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period in the prior year, the firm posted $0.92 EPS. 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 forecast that The TJX Companies, Inc. will post 5.17 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. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TJX Companies’s dividend payout ratio (DPR) is currently 37.28%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated 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 sale, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was 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 of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock worth $20,959,476 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TJX. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. JPMorgan Chase & Co. lifted their price objective 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 boosted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Citigroup restated a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Evercore reaffirmed an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $174.58.

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.