Calamos Wealth Management LLC Sells 19,440 Shares of The TJX Companies, Inc. $TJX

Calamos Wealth Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 16.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 98,404 shares of the apparel and home fashions retailer’s stock after selling 19,440 shares during the period. Calamos Wealth Management LLC’s holdings in TJX Companies were worth $15,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in 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 during the last quarter. Entrust Financial LLC bought a new stake in TJX Companies during the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the 4th quarter worth about $26,000. Joseph Group Capital Management acquired a new position in TJX Companies during the 4th quarter valued at about $27,000. Finally, IMG Wealth Management Inc. lifted 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. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction on Thursday, June 11th. The shares were 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 $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% 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 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TJX shares. Weiss Ratings upgraded shares of TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 6th. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research lifted their target price on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Robert W. Baird upped their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $176.89.

TJX Companies Stock Performance

TJX stock opened at $150.47 on Tuesday. The business’s 50-day moving average price is $156.69 and its two-hundred day moving average price is $156.64. 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 $166.23 billion, a PE ratio of 29.22, a P/E/G ratio of 3.28 and a beta of 0.63. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts forecast that The TJX Companies, Inc. will post 5.17 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. Shareholders 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 dividend on an annualized basis and a yield of 1.3%. TJX Companies’s payout ratio 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.