Kimelman & Baird LLC Takes Position in The TJX Companies, Inc. $TJX

Kimelman & Baird LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the second quarter, HoldingsChannel reports. The firm bought 326,989 shares of the apparel and home fashions retailer’s stock, valued at approximately $49,539,000. TJX Companies accounts for 2.7% of Kimelman & Baird LLC’s investment portfolio, making the stock its 10th largest holding.

A number of other hedge funds also recently bought and sold shares of TJX. Coston McIsaac & Partners increased its stake in shares of TJX Companies by 11.3% during the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC lifted its stake in TJX Companies by 11.0% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after acquiring an additional 66 shares during the period. HBW Advisory Services LLC lifted its stake in TJX Companies by 5.1% in the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock worth $206,000 after acquiring an additional 66 shares during the period. Hohimer Wealth Management LLC boosted its holdings in TJX Companies by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock valued at $859,000 after acquiring an additional 66 shares in the last quarter. Finally, Verde Capital Management boosted its holdings in TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock valued at $1,539,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TJX. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. BTIG Research restated a “buy” rating and set a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Jefferies Financial Group cut TJX Companies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $180.00 to $145.00 in a research note on Wednesday. Robert W. Baird increased their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $172.84.

TJX Companies Price Performance

TJX stock opened at $135.16 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The firm has a 50 day moving average price of $152.86 and a 200-day moving average price of $156.07. The TJX Companies, Inc. has a 52-week low of $133.55 and a 52-week high of $170.00. The firm has a market capitalization of $149.31 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 5.2 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 35.49%.

Insider Buying and Selling

In related news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction dated 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 in the company, valued at $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction 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. This represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock valued at $20,959,476 over the last ninety days. 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.