The TJX Companies, Inc. $TJX Shares Purchased by Summitry LLC

Summitry LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 241.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,252 shares of the apparel and home fashions retailer’s stock after buying an additional 3,713 shares during the quarter. Summitry LLC’s holdings in TJX Companies were worth $839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd increased its holdings in TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after purchasing an additional 32,407 shares during the period. Family Capital Trust Co boosted its stake in shares of TJX Companies by 1,080.0% in the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after buying an additional 12,377 shares during the period. J.Safra Asset Management Corp grew its position in shares of TJX Companies by 78.3% during the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after buying an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $2,559,000. Finally, Robinhood Asset Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $7,140,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction dated 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 sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of the 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 completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 in the last three months. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent research reports. 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. Weiss Ratings cut shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Erste Group Bank downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. BTIG Research raised their price target on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Barclays reaffirmed an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $176.89.

TJX Companies Stock Performance

NYSE TJX opened at $157.50 on Friday. The firm has a market cap of $173.99 billion, a P/E ratio of 30.58, a P/E/G ratio of 3.45 and a beta of 0.63. 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 business’s 50-day moving average price is $157.57 and its 200 day moving average price is $156.66. The TJX Companies, Inc. has a 52-week low of $123.78 and a 52-week high of $170.00.

TJX Companies (NYSE:TJX) last posted 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. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. 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 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s payout ratio is currently 37.28%.

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.