56,440 Shares in The TJX Companies, Inc. $TJX Acquired by AMG National Trust Bank

Key Points

• AMG National Trust Bank acquired 56,440 TJX shares worth approximately $8.55 million in the second quarter. Hedge funds and other institutional investors collectively own 91.09% of the company.
• TJX recently reported strong results, with quarterly EPS of $1.19 and revenue of $14.32 billion, beating analyst estimates; revenue increased 9.2% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $177.94.
• Despite positive fundamentals, TJX trades at a relatively high P/E ratio of 29.36 and remains below its 50-day and 200-day moving averages. Insiders have also sold about $20.96 million of stock over the past 90 days.

AMG National Trust Bank bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 56,440 shares of the apparel and home fashions retailer's stock, valued at approximately $8,551,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Coston McIsaac & Partners grew its stake in shares of TJX Companies by 11.3% during the 1st 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 lifted its holdings 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 worth $106,000 after buying an additional 66 shares in the last quarter. HBW Advisory Services LLC lifted 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 worth $206,000 after buying an additional 66 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in shares of TJX Companies by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer's stock worth $859,000 after acquiring an additional 66 shares during the last quarter. Finally, Verde Capital Management grew its stake in TJX Companies by 0.7% during 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 acquiring an additional 67 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Unusually heavy call-option buying points to bullish positioning ahead of earnings. Traders purchased 37,301 TJX call options, roughly 437% above the typical daily volume of 6,950 contracts. This may be contributing to increased interest in the shares, although options activity is speculative and does not guarantee a positive earnings reaction.
• Positive Sentiment: Analysts expect second-quarter earnings of approximately $1.19 per share, up from $1.10 a year earlier. The company’s latest quarterly report also showed strong momentum, with earnings and revenue exceeding consensus estimates and sales increasing 9.2% year over year.
• Positive Sentiment: Brokerages maintain a consensus “Buy” rating, while recent investor commentary has characterized TJX as an attractive value-oriented retail stock relative to larger retailers. TJX consensus Buy rating
• Positive Sentiment: Marshalls, a TJX banner, launched a fall fashion campaign with Brenda Song. The promotion could support seasonal traffic and brand engagement, although its direct financial impact is uncertain. Marshalls fall fashion campaign
• Neutral Sentiment: Investors are comparing TJX with Dollar General on valuation and earnings prospects, but the articles do not establish a decisive change to TJX’s outlook. DG versus TJX value comparison
• Negative Sentiment: TJX trades at a relatively elevated valuation, with a price-to-earnings ratio near 29, making the stock vulnerable to disappointment if results or forward guidance fall short. Shares also remain below their 50-day and 200-day moving averages, signaling some technical caution.

TJX Companies Trading Up 0.2%

Shares of NYSE TJX opened at $151.21 on Wednesday. The TJX Companies, Inc. has a fifty-two week low of $133.34 and a fifty-two week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The company has a market cap of $167.04 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 3.28 and a beta of 0.62. The business's 50 day moving average price is $157.19 and its 200-day moving average price is $156.83.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.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 earned $0.92 EPS. TJX Companies's revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts expect that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed 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. 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 payout ratio is 37.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TJX shares. Truist Financial set a $190.00 target price on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 21st. Evercore reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. Telsey Advisory Group upped their price objective on TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Wells Fargo & Company reaffirmed an "outperform" rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of TJX Companies in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $177.94.

Insider Activity at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the sale, the chief executive officer directly owned 552,850 shares of the company's stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. 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 over the last 90 days. 0.15% of the stock is currently owned by insiders.

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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