38,947 Shares in The TJX Companies, Inc. $TJX Bought by Nicholas Investment Partners LP

Nicholas Investment Partners LP bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,947 shares of the apparel and home fashions retailer's stock, valued at approximately $5,900,000.

Other hedge funds also recently added to or reduced their stakes in the company. Coston McIsaac & Partners lifted its holdings in TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer's stock valued at $100,000 after acquiring an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC raised its position in shares of TJX Companies by 11.0% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock worth $106,000 after purchasing an additional 66 shares during the last quarter. HBW Advisory Services LLC lifted its position 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 acquiring an additional 66 shares in the last quarter. Hohimer Wealth Management LLC boosted its stake in TJX Companies by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer's stock worth $859,000 after purchasing an additional 66 shares during the last quarter. Finally, Verde Capital Management raised its position in shares of TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer's stock valued at $1,539,000 after buying an additional 67 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.2%

Shares of NYSE TJX opened at $140.78 on Tuesday. The company has a 50 day simple moving average of $155.10 and a 200-day simple moving average of $156.60. The company has a market capitalization of $155.51 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.71 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The TJX Companies, Inc. has a 1 year low of $134.74 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX - Get 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 return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies's dividend payout ratio is currently 35.49%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TJX. Barclays set a $188.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday. Sanford C. Bernstein reissued an "outperform" rating on shares of TJX Companies in a research note on Thursday, May 21st. Wells Fargo & Company lowered their target price on TJX Companies from $160.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday, August 20th. Wall Street Zen cut TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Telsey Advisory Group lifted their price objective on TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $173.89.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the company's stock in a transaction dated 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. This represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. 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. Company insiders own 0.15% of the company's stock.

TJX Companies Profile

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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