Everett Harris & Co. CA Acquires Shares of 1,118,622 The TJX Companies, Inc. $TJX

Key Points

• Everett Harris & Co. CA acquired 1,118,622 TJX shares worth approximately $169.5 million, making the retailer 2.1% of its portfolio and its 12th-largest holding.
• Analysts remain bullish, with TJX carrying a consensus “Buy” rating and an average price target of $177.94. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.19 EPS and $14.32 billion in revenue.
• TJX shares opened at $152, down 0.1%, while insiders sold roughly $21.0 million of stock during the quarter. The company also declared a quarterly dividend of $0.48 per share, yielding about 1.3% annually.

Everett Harris & Co. CA bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,118,622 shares of the apparel and home fashions retailer's stock, valued at approximately $169,471,000. TJX Companies accounts for about 2.1% of Everett Harris & Co. CA's investment portfolio, making the stock its 12th largest position. Everett Harris & Co. CA owned approximately 0.10% of TJX Companies at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Coston McIsaac & Partners boosted its stake in shares of TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer's stock valued at $100,000 after buying an additional 64 shares in the last quarter. Kohmann Bosshard Financial Services LLC grew its holdings in TJX Companies by 11.0% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock worth $106,000 after acquiring an additional 66 shares during the period. HBW Advisory Services LLC grew its holdings in TJX Companies by 5.1% during the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer's stock worth $206,000 after acquiring an additional 66 shares during the period. Hohimer Wealth Management LLC raised its position in TJX Companies by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer's stock worth $859,000 after acquiring an additional 66 shares in the last quarter. Finally, Verde Capital Management raised its position in TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer's stock worth $1,539,000 after acquiring an additional 67 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TJX shares. Barclays restated an "overweight" rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. Wells Fargo & Company reissued an "outperform" rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, UBS Group restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $177.94.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the 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 sale, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 29,549 shares of the firm's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the transaction, the chief executive officer directly owned 552,850 shares of the company's stock, valued at $87,051,761. The trade was a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 130,367 shares of company stock valued at $20,959,476. Company insiders own 0.15% of the company's stock.

TJX Companies Trading Down 0.1%

Shares of TJX stock opened at $152.00 on Monday. The TJX Companies, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $170.00. The stock has a market cap of $167.91 billion, a P/E ratio of 29.51, a P/E/G ratio of 3.28 and a beta of 0.62. The business has a fifty day simple moving average of $157.63 and a 200-day simple moving average of $156.78. 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 released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping 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 business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period in the previous year, the firm 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. On average, analysts forecast that The TJX Companies, Inc. will post 5.19 earnings per share 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. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's dividend payout ratio (DPR) is 37.28%.

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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