L2 Asset Management LLC Purchases New Shares in The TJX Companies, Inc. $TJX

L2 Asset Management LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,487 shares of the apparel and home fashions retailer’s stock, valued at approximately $983,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Vega Investment Solutions acquired a new stake in shares of TJX Companies during the second quarter valued at about $780,000. Cetera Trust Company N.A acquired a new position in shares of TJX Companies in the second quarter worth about $27,000. Visionary Wealth Advisors purchased a new position in TJX Companies in the second quarter valued at about $212,000. Whalen Wealth Management Inc. purchased a new position in TJX Companies in the second quarter valued at about $456,000. Finally, D.B. Root & Company LLC acquired a new stake in TJX Companies during the 2nd quarter valued at approximately $212,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TJX shares. Wells Fargo & Company dropped their price objective on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a report on Thursday, August 20th. Weiss Ratings cut TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $182.00 to $154.00 in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.89.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the transaction, the chief executive officer directly owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This represents a 1.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman owned 201,496 shares in the company, valued at $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. In the last quarter, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.2%

NYSE:TJX opened at $140.78 on Tuesday. The company has a market capitalization of $155.51 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $134.74 and a one year high of $170.00. The stock has a 50-day simple moving average of $155.10 and a 200 day simple moving average of $156.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

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 (EPS) 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 firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. TJX Companies’s revenue for the quarter 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 predict that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company 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 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is 35.49%.

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.