Kathmere Capital Management LLC Raises Stake in The TJX Companies, Inc. $TJX

Kathmere Capital Management LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 70.4% during the first quarter, Holdings Channel reports. The fund owned 9,407 shares of the apparel and home fashions retailer’s stock after buying an additional 3,888 shares during the period. Kathmere Capital Management LLC’s holdings in TJX Companies were worth $1,502,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in shares of TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new position in TJX Companies in the 4th quarter worth $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies in the fourth quarter worth $26,000. Joseph Group Capital Management bought a new stake in TJX Companies in the fourth quarter worth $27,000. Finally, IMG Wealth Management Inc. lifted its stake in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $154.05 on Monday. The company’s fifty day simple moving average is $157.34 and its two-hundred day simple moving average is $156.80. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $170.00. The firm has a market cap of $170.18 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 3.34 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.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm 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 company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio is presently 37.28%.

Insiders Place Their Bets

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the business’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 transaction, the chairman directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. This represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. Truist Financial set a $190.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. UBS Group restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. Finally, Evercore reaffirmed an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $174.58.

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.