Centric Wealth Management Takes $3.16 Million Position in The TJX Companies, Inc. $TJX

Centric Wealth Management acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,428 shares of the apparel and home fashions retailer's stock, valued at approximately $3,159,000.

Other hedge funds also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Entrust Financial LLC bought a new stake in TJX Companies in the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies in the 4th quarter valued at about $26,000. Joseph Group Capital Management acquired a new position in TJX Companies during the 4th quarter valued at about $27,000. Finally, IMG Wealth Management Inc. boosted its stake 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 purchasing an additional 69 shares during the period. 91.09% of the stock is currently owned by institutional investors.

More TJX Companies News

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

• Positive Sentiment: An investment analysis argues that TJX may offer better value than larger retailers such as Walmart and Costco, highlighting its off-price model, growth prospects and relative investment appeal. This Retail Stock May Be an Even Better Buy Than Walmart and Costco Right Now
• Positive Sentiment: Another analysis estimates TJX could be approximately 14% undervalued as its growth narrative remains intact. Analysts are projecting quarterly earnings of about $1.18 per share and revenue of roughly $15.14 billion, making the upcoming report an important test of operating momentum. TJX Companies Could Be 14% Undervalued As Growth Narrative Holds
• Positive Sentiment: TJX is also featured among retail and wholesale stocks that may benefit from potential earnings surprises, supporting the view that expectations could be favorable ahead of results. Why Investors Need to Take Advantage of These 2 Retail and Wholesale Stocks Now
• Neutral Sentiment: TJX is one of several major retailers on investors’ earnings watchlists this week, alongside Walmart, Target, Home Depot and Lowe’s. The broader retail results and management outlooks could influence sentiment across the sector. Walmart, Target, Home Depot, Fed Minutes, and More to Watch This Week
• Neutral Sentiment: A recently declared dividend provides continued shareholder support, but the announcement comes just before quarterly results, leaving investors focused primarily on earnings and guidance. TJX Companies Stock in Focus as Dividend Declaration Meets an Approaching Quarterly Report
• Negative Sentiment: Markets are approaching a volatile retail earnings period, with mixed stock futures and Federal Reserve minutes also due. That uncertainty may be encouraging some profit-taking in TJX before results, particularly given its relatively high valuation and elevated expectations. Walmart Could Swing $42.1 Billion In Value After Earnings

TJX Companies Price Performance

Shares of NYSE:TJX opened at $151.25 on Tuesday. The company has a market capitalization of $167.09 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62. 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 stock has a fifty day moving average of $157.45 and a 200-day moving average of $156.80. The TJX Companies, Inc. has a one year low of $132.63 and a one year high of $170.00.

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, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. 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, equities analysts anticipate that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird raised their target price on TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Sanford C. Bernstein reiterated an "outperform" rating on shares of TJX Companies in a research report on Thursday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. JPMorgan Chase & Co. raised their price target on TJX Companies from $173.00 to $174.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Finally, Evercore restated an "outperform" rating and set a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $177.94.

Insider Buying and Selling at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director owned 802 shares of the company's stock, valued at approximately $135,209.18. This represents a 54.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer directly owned 552,850 shares in the company, valued at approximately $87,051,761. This represents a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 130,367 shares of company stock valued at $20,959,476. Corporate 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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