Vega Investment Solutions Buys New Position in The TJX Companies, Inc. $TJX

Vega Investment Solutions bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 5,150 shares of the apparel and home fashions retailer’s stock, valued at approximately $780,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake 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 purchasing an additional 89 shares during the period. Entrust Financial LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. increased its stake in TJX Companies by 65.7% during 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 period. Finally, Cetera Trust Company N.A acquired a new stake in TJX Companies during the 2nd quarter worth approximately $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX opened at $140.78 on Tuesday. The TJX Companies, Inc. has a twelve month low of $134.74 and a twelve month high of $170.00. The firm’s fifty day simple moving average is $155.10 and its 200-day simple moving average is $156.60. The firm has a market capitalization of $155.51 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.71 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is 35.49%.

Insiders Place Their Bets

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the transaction, the chairman directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. The trade was a 8.84% 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 quarter. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TJX. Evercore reissued an “outperform” rating and issued a $173.00 price target on shares of TJX Companies in a research report on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Truist Financial set a $190.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Barclays set a $188.00 target price on TJX Companies and gave the company an “overweight” rating in a report on Thursday. Finally, Gordon Haskett reissued an “accumulate” rating and set a $155.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.89.

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.