15,978 Shares in The TJX Companies, Inc. $TJX Purchased by McLaughlin Asset Management Inc.

Key Points

• McLaughlin Asset Management opened a new position in TJX Companies, buying 15,978 shares valued at about $2.45 million. The stake now represents roughly 2.2% of its portfolio.
• Wall Street remains upbeat on TJX, with several firms reiterating or raising buy ratings and target prices around $190. The stock currently has a consensus rating of Buy and an average price target of $174.58.
• TJX reported strong quarterly results, with EPS of $1.19 beating estimates and revenue of $14.32 billion topping expectations. The company also announced a quarterly dividend of $0.48 per share, payable September 3.

McLaughlin Asset Management Inc. acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 15,978 shares of the apparel and home fashions retailer's stock, valued at approximately $2,454,000. TJX Companies comprises about 2.2% of McLaughlin Asset Management Inc.'s investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Norges Bank acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $2,211,975,000. Alliancebernstein L.P. boosted its position in shares of TJX Companies by 91.6% during the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock worth $970,185,000 after buying an additional 3,208,458 shares during the period. Corient Private Wealth LLC boosted its position in shares of TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock worth $620,406,000 after buying an additional 2,743,676 shares during the period. Amundi grew its holdings in TJX Companies by 22.1% in the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock worth $1,391,822,000 after buying an additional 1,761,281 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in TJX Companies by 57.3% in the 4th quarter. AQR Capital Management LLC now owns 4,814,467 shares of the apparel and home fashions retailer's stock valued at $739,550,000 after acquiring an additional 1,753,155 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TJX. Truist Financial set a $190.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 21st. BTIG Research raised their price target on TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Citigroup restated a "buy" rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Weiss Ratings downgraded shares of TJX Companies from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, May 8th. Finally, Barclays reissued an "overweight" rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and an average price target of $174.58.

Insider Buying and Selling at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies 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 transaction, the chairman owned 201,496 shares of the company's stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jackwyn Nemerov sold 957 shares of the business's 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 in the company, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 over the last 90 days. Insiders own 0.15% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $163.81 on Friday. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $170.00. The firm has a market cap of $180.96 billion, a P/E ratio of 31.81, a PEG ratio of 3.56 and a beta of 0.62. The stock has a fifty day moving average price of $158.00 and a two-hundred day moving average price of $156.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. 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. Research analysts forecast that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies's 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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