Schuylkill Financial LLC Invests $767,000 in The TJX Companies, Inc. $TJX

Schuylkill Financial LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,062 shares of the apparel and home fashions retailer’s stock, valued at approximately $767,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $269,000. NBH Bank bought a new position in TJX Companies in the second quarter valued at $69,000. AlphaGrep UK Ltd bought a new position in TJX Companies in the second quarter valued at $579,000. MW Advisory LLC purchased a new stake in TJX Companies during the second quarter valued at about $330,000. Finally, Highland Investment Advisors LLC purchased a new stake in TJX Companies during the second quarter valued at about $57,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and issued a $198.00 price objective (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. BTIG Research restated a “buy” rating and issued a $190.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $180.00 to $145.00 in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.63.

TJX Companies Stock Performance

NYSE TJX opened at $132.09 on Friday. The company has a 50-day simple moving average of $150.02 and a two-hundred day simple moving average of $155.33. The TJX Companies, Inc. has a 12-month low of $130.15 and a 12-month high of $170.00. The firm has a market cap of $145.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS 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 firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. TJX Companies’s payout ratio is 35.49%.

Insider Activity at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the firm’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 in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction 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 completion of the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.

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.