The TJX Companies, Inc. $TJX Position Boosted by Waverly Advisors LLC

Waverly Advisors LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 24.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,652 shares of the apparel and home fashions retailer’s stock after acquiring an additional 14,043 shares during the period. Waverly Advisors LLC’s holdings in TJX Companies were worth $11,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in shares of TJX Companies by 120.3% in 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 acquiring an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $26,000. IMG Wealth Management Inc. boosted its stake in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new position in TJX Companies during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TJX shares. Erste Group Bank lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Robert W. Baird boosted their price target on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Barclays reiterated an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $176.89.

Insider Buying and Selling at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 514,848 shares in the company, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $154.15 on Monday. The TJX Companies, Inc. has a 12-month low of $123.78 and a 12-month high of $170.00. The firm has a market capitalization of $170.29 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 3.34 and a beta of 0.63. The stock’s 50 day moving average price is $157.19 and its two-hundred day moving average price is $156.55. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

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, 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 firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue 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. On average, analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TJX Companies’s payout ratio is currently 37.28%.

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.