Henson Edgewater Management LLC Takes Position in The TJX Companies, Inc. $TJX

Henson Edgewater Management LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJXFree Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,315 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,032,000. TJX Companies makes up 1.1% of Henson Edgewater Management LLC’s holdings, making the stock its 25th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swiss Life Asset Management Ltd lifted its position in shares of TJX Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after purchasing an additional 32,407 shares in the last quarter. Danske Bank A S purchased a new position in shares of TJX Companies in the second quarter valued at approximately $829,000. J.Safra Asset Management Corp grew its holdings in shares of TJX Companies by 78.3% in the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after purchasing an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $2,559,000. Finally, Man Group plc purchased a new stake in TJX Companies during the 2nd quarter worth approximately $217,422,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TJX. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Barclays set a $188.00 price target on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $172.84.

Check Out Our Latest Stock Analysis on TJX Companies

Insider Activity at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction 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 completion of the transaction, the director owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following 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 position. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock valued at $20,959,476 in the last ninety days. 0.15% of the stock is currently owned by insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $135.16 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 52 week low of $133.55 and a 52 week high of $170.00. The firm’s 50 day moving average is $152.86 and its two-hundred day moving average is $156.07. The firm has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.60 and a beta of 0.62.

TJX Companies (NYSE:TJXGet Free Report) last issued its quarterly earnings data 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 net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The company’s 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. 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 declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s payout ratio is 35.49%.

TJX Companies Profile

(Free Report)

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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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