GoalVest Advisory LLC Cuts Stock Holdings in The TJX Companies, Inc. $TJX

GoalVest Advisory LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 88.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 761 shares of the apparel and home fashions retailer’s stock after selling 5,905 shares during the quarter. GoalVest Advisory LLC’s holdings in TJX Companies were worth $115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Sax Wealth Advisors LLC grew its position in TJX Companies by 2.2% in the 2nd quarter. Sax Wealth Advisors LLC now owns 4,429 shares of the apparel and home fashions retailer’s stock worth $707,000 after purchasing an additional 96 shares in the last quarter. Cardano Risk Management B.V. increased its stake in TJX Companies by 0.8% in the 2nd quarter. Cardano Risk Management B.V. now owns 676,762 shares of the apparel and home fashions retailer’s stock valued at $102,529,000 after buying an additional 5,124 shares during the last quarter. Avity Investment Management Inc. lifted its position in shares of TJX Companies by 1.0% during the 2nd quarter. Avity Investment Management Inc. now owns 302,656 shares of the apparel and home fashions retailer’s stock worth $45,852,000 after buying an additional 2,852 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of TJX Companies by 1.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 51,589 shares of the apparel and home fashions retailer’s stock worth $7,816,000 after buying an additional 706 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc boosted its stake in shares of TJX Companies by 1.6% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 10,533 shares of the apparel and home fashions retailer’s stock worth $1,596,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 29,549 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This represents a 5.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The SEC filing for this sale provides additional information. 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 company insiders.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent analyst reports. 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 report on Thursday, May 21st. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Robert W. Baird boosted their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating on shares of TJX Companies in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $177.94.

TJX Companies Stock Performance

Shares of TJX stock opened at $161.21 on Friday. The stock has a market capitalization of $178.09 billion, a P/E ratio of 31.30, a PEG ratio of 3.48 and a beta of 0.62. 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’s 50 day moving average is $157.85 and its 200 day moving average is $156.76. The TJX Companies, Inc. has a 12 month low of $130.88 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS 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 company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same period last year, the firm earned $0.92 EPS. TJX Companies’s revenue for the quarter 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, sell-side analysts anticipate that The TJX Companies, Inc. will post 5.19 earnings per share 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 issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 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.