Merit Financial Group LLC Buys 3,845 Shares of The TJX Companies, Inc. $TJX

Merit Financial Group LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,251 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,845 shares during the period. Merit Financial Group LLC’s holdings in TJX Companies were worth $13,976,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after buying an additional 235 shares during the last quarter. Bison Wealth LLC lifted its position in TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after buying an additional 955 shares during the last quarter. United Bank boosted its stake in TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after buying an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. purchased a new stake in TJX Companies in the second quarter worth approximately $244,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.1%

Shares of NYSE TJX opened at $152.00 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 52 week low of $132.01 and a 52 week high of $170.00. The firm’s fifty day moving average is $157.63 and its 200 day moving average is $156.78. The company has a market cap of $167.91 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 3.28 and a beta of 0.62.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. 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. On average, equities research analysts expect that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 annualized dividend and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the company’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 owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock worth $20,959,476 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Robert W. Baird increased their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Telsey Advisory Group lifted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Evercore reissued an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $177.94.

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.