Summit Global Investments bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) in the second quarter, Holdings Channel reports. The firm bought 6,792 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,029,000.
Other institutional investors also recently bought and sold shares of the company. Coston McIsaac & Partners increased its stake in 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 worth $100,000 after purchasing an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC boosted its stake in shares of 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 valued at $106,000 after purchasing an additional 66 shares during the period. HBW Advisory Services LLC grew its holdings in shares of 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 valued at $206,000 after purchasing an additional 66 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 66 shares in the last quarter. Finally, Verde Capital Management increased its stake in TJX Companies by 0.7% during the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock worth $1,539,000 after buying an additional 67 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on TJX. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. BTIG Research upped their price objective on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Telsey Advisory Group increased their price objective on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wells Fargo & Company reiterated an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, UBS Group reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $177.94.
Insiders Place Their Bets
In other news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer directly owned 514,848 shares in the company, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,367 shares of company stock valued at $20,959,476 in the last three months. Corporate insiders own 0.15% of the company’s stock.
TJX Companies Stock Down 0.1%
Shares of NYSE:TJX opened at $152.00 on Monday. The TJX Companies, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $170.00. The firm’s 50 day moving average price is $157.63 and its 200 day moving average price is $156.78. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The stock has a market cap of $167.91 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62.
TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $14.02 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The firm’s revenue was up 9.2% on a year-over-year basis. 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 research analysts predict that The TJX Companies, Inc. will post 5.19 earnings per share for the current fiscal year.
TJX Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 37.28%.
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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