Avior Wealth Management LLC Has $710,000 Stake in The TJX Companies, Inc. $TJX

Key Points

• Avior Wealth Management cut its TJX Companies stake by 65.3% in the second quarter, selling 8,826 shares and retaining 4,689 shares valued at approximately $710,000. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly earnings of $1.19 per share on $14.32 billion in revenue, beating analyst expectations, while revenue increased 9.2% year over year. The company also declared a quarterly dividend of $0.48 per share, equating to a 1.2% annual yield.
• Analysts remain broadly bullish, with the stock carrying a consensus “Buy” rating and an average price target of $177.94, compared with a recent share price of $161.21. Recent insider activity was less favorable, as executives and directors sold shares during the quarter.

Avior Wealth Management LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 65.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,689 shares of the apparel and home fashions retailer's stock after selling 8,826 shares during the quarter. Avior Wealth Management LLC's holdings in TJX Companies were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock valued at $25,000 after buying an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new position in TJX Companies in the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in TJX Companies in the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. raised its holdings in TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock valued at $27,000 after acquiring an additional 69 shares during the period. Finally, Joseph Group Capital Management purchased a new stake in shares of TJX Companies during the fourth quarter worth $27,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX stock opened at $161.21 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $130.88 and a 12-month high of $170.00. The stock has a market capitalization of $178.09 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 3.50 and a beta of 0.62. The stock's 50 day simple moving average is $157.85 and its 200 day simple moving average is $156.76.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results 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 analysts' expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm's revenue was up 9.2% compared to the same quarter last year. During the same quarter last 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. As a group, research analysts forecast that The TJX Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies's dividend payout ratio is presently 37.28%.

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. Barclays restated an "overweight" rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Morgan Stanley reiterated an "overweight" rating on shares of TJX Companies in a research report on Thursday. UBS Group reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, June 9th. Sanford C. Bernstein restated an "outperform" rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Wells Fargo & Company reaffirmed an "outperform" rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $177.94.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This represents a 54.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the transaction, the chief executive officer directly owned 552,850 shares of the company's stock, valued at $87,051,761. This represents a 5.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. 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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