27,825 Shares in The TJX Companies, Inc. $TJX Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 27,825 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,444,000.

A number of other hedge funds have also added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its stake in TJX Companies by 120.3% during the fourth 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 acquiring an additional 89 shares in the last quarter. Entrust Financial LLC bought a new stake in TJX Companies during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. lifted its stake in TJX Companies by 65.7% in the 4th 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 in the last quarter. Finally, Joseph Group Capital Management purchased a new stake in TJX Companies in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Evercore reiterated an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research report on Thursday, May 21st. Barclays reissued an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup restated a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, 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 note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and an average price target of $174.58.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 29,549 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director directly owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 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.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $154.05 on Monday. The company’s fifty day moving average price is $157.34 and its 200-day moving average price is $156.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a market capitalization of $170.18 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.34 and a beta of 0.63. The TJX Companies, Inc. has a one year low of $119.84 and a one year 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. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the previous year, the firm posted $0.92 EPS. The firm’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. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is 37.28%.

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.