Davis R M Inc. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 1.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 666,676 shares of the apparel and home fashions retailer’s stock after selling 10,842 shares during the quarter. TJX Companies makes up about 1.9% of Davis R M Inc.’s portfolio, making the stock its 15th largest holding. Davis R M Inc.’s holdings in TJX Companies were worth $106,468,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of TJX. Ascension Capital Advisors Inc. bought a new position in TJX Companies during the first quarter worth $241,000. Lido Advisors LLC boosted its position in TJX Companies by 0.9% during the first quarter. Lido Advisors LLC now owns 184,395 shares of the apparel and home fashions retailer’s stock valued at $29,450,000 after acquiring an additional 1,734 shares during the last quarter. Cetera Investment Advisers boosted its position in TJX Companies by 2.8% during the first quarter. Cetera Investment Advisers now owns 529,600 shares of the apparel and home fashions retailer’s stock valued at $84,577,000 after acquiring an additional 14,182 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in TJX Companies by 13.0% during the 1st quarter. Prestige Wealth Management Group LLC now owns 825 shares of the apparel and home fashions retailer’s stock worth $132,000 after acquiring an additional 95 shares during the period. Finally, Signature Equity Partners LLC grew its holdings in TJX Companies by 27.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,505 shares of the apparel and home fashions retailer’s stock worth $400,000 after acquiring an additional 541 shares during the period. Institutional investors own 91.09% of the company’s stock.
Insider Transactions at TJX Companies
In other TJX Companies news, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s 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 completion of the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.
TJX Companies Trading Up 0.2%
TJX Companies (NYSE:TJX – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.
TJX Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 37.28%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. BTIG Research lifted their target price on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Telsey Advisory Group boosted their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $176.89.
View Our Latest Analysis on TJX Companies
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.
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