Strategic Advisors LLC Has $1.16 Million Stock Position in The TJX Companies, Inc. $TJX

Strategic Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 301.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,684 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,769 shares during the period. Strategic Advisors LLC’s holdings in TJX Companies were worth $1,164,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Entrust Financial LLC bought a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. increased its position 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 valued at $27,000 after purchasing an additional 69 shares during the period. Finally, Cetera Trust Company N.A bought a new position in TJX Companies during the 2nd quarter worth approximately $27,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.0%

NYSE:TJX opened at $135.16 on Monday. The TJX Companies, Inc. has a 12 month low of $133.55 and a 12 month high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $152.86 and its 200 day moving average is $156.07. The stock has a market capitalization of $149.31 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.21 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the sale, the chief executive officer directly owned 552,850 shares in the company, valued at $87,051,761. The trade was a 5.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction that occurred on 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 over the last three months. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on TJX shares. Wells Fargo & Company cut their price target on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 20th. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Truist Financial set a $190.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Gordon Haskett reaffirmed an “accumulate” rating and set a $155.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $172.84.

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.