Clearstead Trust LLC Invests $3.50 Million in The TJX Companies, Inc. $TJX

Key Points

• Clearstead Trust LLC acquired 23,121 TJX Companies shares worth approximately $3.5 million during the second quarter. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly earnings of $1.19 per share, exceeding estimates of $1.02, while revenue rose 9.2% year over year to $14.32 billion. The company also declared a quarterly dividend of $0.48 per share, representing a 1.3% annualized yield.
• Analysts maintain a consensus “Buy” rating with an average price target of $177.94, although some firms recently downgraded the stock. Company insiders have sold approximately $21.0 million of shares over the past 90 days.

Clearstead Trust LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 23,121 shares of the apparel and home fashions retailer's stock, valued at approximately $3,503,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in TJX Companies by 120.3% in 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 buying an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at about $26,000. IMG Wealth Management Inc. grew its stake in shares of 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 bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.1%

Shares of TJX opened at $152.00 on Monday. The business's 50 day moving average is $157.63 and its 200 day 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 TJX Companies, Inc. has a 12-month low of $132.01 and a 12-month high of $170.00. The company has a market capitalization of $167.91 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share 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 business had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the prior year, the company posted $0.92 EPS. The firm'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. Research analysts expect that The TJX Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Ratings Changes

TJX has been the topic of a number of recent analyst reports. Erste Group Bank cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, July 18th. Telsey Advisory Group increased their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Sanford C. Bernstein restated an "outperform" rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Weiss Ratings cut shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Two investment 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $177.94.

Insider Activity at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the business's stock in a transaction 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 sale, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares of the company's stock, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 130,367 shares of company stock valued at $20,959,476. Insiders own 0.15% of the company's stock.

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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