TJX Companies (NYSE:TJX) Chairman Carol Meyrowitz Sells 55,624 Shares

The TJX Companies, Inc. (NYSE:TJX) Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TJX Companies Stock Up 1.8%

NYSE:TJX traded up $2.94 during trading hours on Wednesday, hitting $167.81. 7,038,244 shares of the company traded hands, compared to its average volume of 5,302,055. 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 firm’s 50-day simple moving average is $157.07 and its 200-day simple moving average is $155.74. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $167.92. The company has a market cap of $185.38 billion, a PE ratio of 32.58, a PEG ratio of 3.47 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the firm posted $0.92 EPS. The business’s revenue 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. Equities analysts predict that The TJX Companies, Inc. will post 5.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s payout ratio is presently 37.28%.

TJX Companies News Summary

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Analysts remain constructive on TJX, with recent coverage pointing to continued market-share gains and a favorable outlook for the retailer’s value-and-selection model. TJX Positioned for Continued Market Share Gains From Department Stores, UBS Says
• Positive Sentiment: Investor sentiment was also lifted by commentary that TJX is still a compelling buy, reinforcing the market’s view that the stock deserves a premium valuation. Is TJX (TJX) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: TJX also announced a quarterly dividend of $0.48 per share, signaling ongoing confidence in cash generation and returning capital to shareholders. The TJX Companies, Inc. Announces Quarterly Common Stock Dividend
• Neutral Sentiment: The company also drew attention from a Zacks analysis focused on analyst ratings, but the piece was largely informational rather than a clear catalyst. Is TJX (TJX) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: Chairman Carol Meyrowitz sold 55,624 shares worth about $9.1 million, which can weigh on sentiment even though insider sales do not always signal concern about fundamentals. SEC Insider Sale Filing

Analysts Set New Price Targets

A number of research firms recently weighed in on TJX. Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company restated an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Robert W. Baird lifted their price target on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. lifted their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $174.58.

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently bought and sold shares of TJX. Brighton Jones LLC raised its holdings in TJX Companies by 113.7% in the fourth 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 raised its holdings in TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC raised its holdings in TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after purchasing an additional 955 shares in the last quarter. United Bank raised its holdings 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 purchasing an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. bought a new position in TJX Companies in the second quarter worth $244,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.