Beacon Pointe Advisors LLC Takes Position in The TJX Companies, Inc. $TJX

Key Points

• Beacon Pointe Advisors acquired 58,058 TJX shares worth approximately $8.8 million in the second quarter, while institutional investors collectively own 91.09% of the company.
• TJX reported quarterly EPS of $1.22, exceeding estimates by $0.03, with revenue of $15.18 billion, up 5.4% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $172.84.
• Company insiders sold 130,367 shares worth about $21.0 million over the past quarter. TJX also declared a quarterly dividend of $0.48 per share, representing a 1.4% annualized yield.

Beacon Pointe Advisors LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,058 shares of the apparel and home fashions retailer's stock, valued at approximately $8,798,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of TJX Companies during the second quarter worth about $16,489,926,000. Bank of America Corp DE bought a new stake in TJX Companies in the 2nd quarter valued at approximately $3,511,553,000. Norges Bank acquired a new position in TJX Companies during the 4th quarter worth approximately $2,211,975,000. Bank of New York Mellon Corp acquired a new position in TJX Companies during the 2nd quarter worth approximately $1,598,731,000. Finally, Primecap Management Co. CA bought a new position in shares of TJX Companies during the 2nd quarter worth approximately $1,435,617,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction on 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 completion of the sale, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director directly owned 802 shares of the company's stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. Company insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Gordon Haskett reissued an "accumulate" rating and issued a $155.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Evercore reiterated an "outperform" rating and issued a $173.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. 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, August 20th. UBS Group restated a "buy" rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Erste Group Bank downgraded TJX Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price of $172.84.

TJX Companies Price Performance

Shares of TJX opened at $135.16 on Friday. The company's 50-day moving average is $152.86 and its 200-day moving average is $156.07. 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 firm has a market capitalization of $149.31 billion, a PE ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62. The TJX Companies, Inc. has a fifty-two week low of $133.55 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS 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 posted $1.10 EPS. TJX Companies'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. Equities analysts forecast that The TJX Companies, Inc. will post 5.2 EPS for the current year.

TJX Companies Dividend Announcement

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

TJX Companies Company 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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