Independent Financial Group LLC Acquires 20,726 Shares of The TJX Companies, Inc. $TJX

Independent Financial Group LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 125.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,291 shares of the apparel and home fashions retailer’s stock after buying an additional 20,726 shares during the quarter. Independent Financial Group LLC’s holdings in TJX Companies were worth $5,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coston McIsaac & Partners raised its holdings in shares of TJX Companies by 11.3% in the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 64 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in TJX Companies by 11.0% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock valued at $106,000 after purchasing an additional 66 shares during the last quarter. Hohimer Wealth Management LLC boosted its stake in TJX Companies by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock valued at $859,000 after purchasing an additional 66 shares during the last quarter. Verde Capital Management increased its holdings in TJX Companies by 0.7% during the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock worth $1,539,000 after purchasing an additional 67 shares in the last quarter. Finally, Intellectus Partners LLC raised its stake in shares of TJX Companies by 1.1% in the fourth quarter. Intellectus Partners LLC now owns 6,299 shares of the apparel and home fashions retailer’s stock worth $968,000 after purchasing an additional 67 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $152.00 on Friday. The company has a market capitalization of $167.91 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 3.32 and a beta of 0.62. The company’s 50-day moving average is $157.63 and its 200 day moving average is $156.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $170.00.

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

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Truist Financial set a $190.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their price objective on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Citigroup reaffirmed a “buy” rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, BTIG Research upped their target price on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $177.94.

Insider Activity at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction that occurred 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 sale, the chairman owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were 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 owned 514,848 shares in the company, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

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.