State of Wyoming bought a new position in The TJX Companies, Inc. (NYSE:TJX – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,277 shares of the apparel and home fashions retailer’s stock, valued at approximately $648,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after buying an additional 235 shares during the period. Bison Wealth LLC boosted its holdings in shares of TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares in the last quarter. United Bank grew its position in shares of TJX Companies by 7.6% in the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after buying an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of TJX Companies in the 2nd quarter worth about $244,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Down 0.6%
TJX Companies stock opened at $151.25 on Tuesday. The firm has a market cap of $167.09 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 3.28 and a beta of 0.62. The stock has a fifty day simple moving average of $157.45 and a two-hundred day simple moving average of $156.80. The TJX Companies, Inc. has a 12 month low of $132.63 and a 12 month high of $170.00. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.
TJX Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.3%. TJX Companies’s dividend payout ratio is currently 37.28%.
Insider Activity at TJX Companies
In other news, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at $87,051,761. This trade represents a 5.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction that occurred 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 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. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 over the last quarter. 0.15% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of brokerages recently issued reports on TJX. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Telsey Advisory Group upped their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Finally, UBS Group reissued a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $177.94.
Key Headlines Impacting TJX Companies
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: An investment analysis argues that TJX may offer better value than larger retailers such as Walmart and Costco, highlighting its off-price model, growth prospects and relative investment appeal. This Retail Stock May Be an Even Better Buy Than Walmart and Costco Right Now
- Positive Sentiment: Another analysis estimates TJX could be approximately 14% undervalued as its growth narrative remains intact. Analysts are projecting quarterly earnings of about $1.18 per share and revenue of roughly $15.14 billion, making the upcoming report an important test of operating momentum. TJX Companies Could Be 14% Undervalued As Growth Narrative Holds
- Positive Sentiment: TJX is also featured among retail and wholesale stocks that may benefit from potential earnings surprises, supporting the view that expectations could be favorable ahead of results. Why Investors Need to Take Advantage of These 2 Retail and Wholesale Stocks Now
- Neutral Sentiment: TJX is one of several major retailers on investors’ earnings watchlists this week, alongside Walmart, Target, Home Depot and Lowe’s. The broader retail results and management outlooks could influence sentiment across the sector. Walmart, Target, Home Depot, Fed Minutes, and More to Watch This Week
- Neutral Sentiment: A recently declared dividend provides continued shareholder support, but the announcement comes just before quarterly results, leaving investors focused primarily on earnings and guidance. TJX Companies Stock in Focus as Dividend Declaration Meets an Approaching Quarterly Report
- Negative Sentiment: Markets are approaching a volatile retail earnings period, with mixed stock futures and Federal Reserve minutes also due. That uncertainty may be encouraging some profit-taking in TJX before results, particularly given its relatively high valuation and elevated expectations. Walmart Could Swing $42.1 Billion In Value After Earnings
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.
See Also
- Five stocks we like better than TJX Companies
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX – Free Report).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.
