Bryn Mawr Trust Advisors LLC Makes New $12.27 Million Investment in The TJX Companies, Inc. $TJX

Key Points

• Bryn Mawr Trust Advisors initiated a roughly $12.27 million position in TJX Companies by purchasing 80,986 shares during the second quarter. Institutional investors collectively own 91.09% of the retailer.
• Analysts remain bullish, with TJX receiving a consensus “Buy” rating and an average price target of $177.94, above its reported opening price of $152.00.
• TJX exceeded quarterly expectations, reporting $1.19 in EPS and $14.32 billion in revenue, while revenue increased 9.2% year over year. The company also declared a quarterly dividend of $0.48 per share, implying a 1.3% yield.

Bryn Mawr Trust Advisors LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 80,986 shares of the apparel and home fashions retailer's stock, valued at approximately $12,269,000.

Other hedge funds have also modified their holdings of the company. Mill Capital Management LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $1,447,000. Laraway Financial Advisors Inc bought a new position in TJX Companies in the 2nd quarter valued at $1,102,000. Hardy Reed LLC bought a new position in TJX Companies in the 2nd quarter valued at $1,303,000. Dockside LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $1,192,000. Finally, Larry Mathis Financial Planning LLC increased its stake in shares of TJX Companies by 29.9% in the 2nd quarter. Larry Mathis Financial Planning LLC now owns 3,815 shares of the apparel and home fashions retailer's stock valued at $578,000 after buying an additional 877 shares during the period. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TJX shares. Barclays reaffirmed an "overweight" rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research boosted their price objective on TJX Companies from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Robert W. Baird lifted their price target on shares of TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Evercore reissued an "outperform" rating and set a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Citigroup reaffirmed a "buy" rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Buy" and a consensus target price of $177.94.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $152.00 on Monday. The stock's fifty day simple moving average is $157.63 and its 200 day simple moving average is $156.78. 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 company has a market capitalization of $167.91 billion, a PE ratio of 29.51, a PEG ratio of 3.28 and a beta of 0.62. The TJX Companies, Inc. has a 12 month low of $132.01 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion during 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 revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. 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. On average, research analysts predict that The TJX Companies, Inc. will post 5.19 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's dividend payout ratio is presently 37.28%.

Insider Activity at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the company's 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 completion of the transaction, the chairman owned 201,496 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer directly owned 514,848 shares of the company's stock, valued at $82,725,776.64. This represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company's stock.

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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