DAVENPORT & Co LLC Has $133.88 Million Holdings in The TJX Companies, Inc. $TJX

Key Points

• Davenport & Co. LLC reduced its TJX Companies stake by 1.1% in the second quarter, selling 9,750 shares and retaining 884,141 shares valued at approximately $133.9 million. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly earnings of $1.19 per share, beating estimates by $0.17, while revenue rose 9.2% year over year to $14.32 billion. The company also declared a quarterly dividend of $0.48 per share, equivalent to a 1.3% yield.
• Analysts remain broadly bullish, with the stock carrying an average “Buy” rating and a consensus price target of $177.94; however, insiders sold more than 130,000 shares worth about $21 million over the past three months.

DAVENPORT & Co LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 884,141 shares of the apparel and home fashions retailer's stock after selling 9,750 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.08% of TJX Companies worth $133,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in shares of 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 valued at $25,000 after buying an additional 89 shares during the period. Entrust Financial LLC bought a new position in TJX Companies in the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $26,000. Joseph Group Capital Management bought a new stake in TJX Companies during the 4th quarter worth approximately $27,000. Finally, IMG Wealth Management Inc. grew 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 worth $27,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 2.2%

TJX Companies stock opened at $152.36 on Thursday. The company has a market capitalization of $168.31 billion, a PE ratio of 29.58, a PEG ratio of 3.36 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. The firm's fifty day moving average is $157.90 and its 200 day moving average is $156.76. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

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, beating the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business's revenue 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, sell-side analysts predict that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 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 37.28%.

Insider Transactions at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares in the company, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 in the last three months. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TJX. Sanford C. Bernstein reissued an "outperform" rating on shares of TJX Companies in a research note on Thursday, May 21st. Robert W. Baird raised their target price on TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of TJX Companies in a report on Thursday, August 6th. Weiss Ratings lowered TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $177.94.

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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