Ferguson Wellman Capital Management Inc. Purchases 5,862 Shares of The TJX Companies, Inc. $TJX

Ferguson Wellman Capital Management Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,461 shares of the apparel and home fashions retailer’s stock after buying an additional 5,862 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in TJX Companies were worth $72,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nissay Asset Management Corp Japan raised its holdings in TJX Companies by 3.8% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 155,537 shares of the apparel and home fashions retailer’s stock worth $23,564,000 after acquiring an additional 5,687 shares during the period. Field & Main Bank acquired a new position in TJX Companies during the 2nd quarter worth $2,667,000. Lombard Odier Asset Management Europe Ltd bought a new stake in TJX Companies during the second quarter valued at about $9,821,000. Archer Investment Corp bought a new stake in TJX Companies during the second quarter valued at about $201,000. Finally, Fox Hill Wealth Management acquired a new stake in shares of TJX Companies in the second quarter valued at about $4,182,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 10,002 shares of TJX Companies stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer directly owned 514,848 shares in the company, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction dated 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 approximately $32,974,820.40. The trade was a 21.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Robert W. Baird lifted their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Gordon Haskett reaffirmed an “accumulate” rating and issued a $155.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Wells Fargo & Company dropped their price target on 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. Truist Financial set a $190.00 price target on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $172.84.

TJX Companies Trading Up 0.7%

TJX Companies stock opened at $135.16 on Friday. The business has a 50 day moving average price of $152.86 and a two-hundred day moving average price of $156.07. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12 month low of $133.55 and a 12 month high of $170.00. The stock has a market cap of $149.31 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.TJX Companies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities analysts forecast that The TJX Companies, Inc. will post 5.2 EPS for the current 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 $0.48 dividend. This represents a $1.92 annualized dividend 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%.

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.