Farther Finance Advisors LLC Increases Holdings in The TJX Companies, Inc. $TJX

Key Points

• Farther Finance Advisors increased its TJX position by 25.4% in the second quarter, adding 14,671 shares for a total of 72,490 shares valued at approximately $11.0 million. Institutional investors collectively own 91.09% of the company.
• Analysts remain broadly bullish, with TJX receiving a consensus “Buy” rating and an average price target of $177.94; Barclays recently raised its target to $190.
• TJX reported quarterly earnings of $1.19 per share, exceeding estimates, 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.

Farther Finance Advisors LLC increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 25.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,490 shares of the apparel and home fashions retailer's stock after purchasing an additional 14,671 shares during the quarter. Farther Finance Advisors LLC's holdings in TJX Companies were worth $10,982,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in TJX Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer's stock worth $15,780,919,000 after acquiring an additional 771,882 shares in the last quarter. Geode Capital Management LLC increased its position in TJX Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer's stock valued at $4,134,174,000 after purchasing an additional 673,690 shares during the period. Bank of America Corp DE raised its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer's stock valued at $3,935,630,000 after purchasing an additional 495,989 shares in the last quarter. Capital International Investors raised its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer's stock valued at $2,455,911,000 after purchasing an additional 308,408 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of TJX Companies in the 4th quarter worth approximately $2,211,975,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO John Klinger sold 6,235 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 130,367 shares of company stock valued at $20,959,476. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TJX shares. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. Barclays reissued an "overweight" rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. UBS Group restated a "buy" rating on shares of TJX Companies in a report on Tuesday, June 9th. Morgan Stanley reaffirmed an "overweight" rating on shares of TJX Companies in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a research report on Monday, May 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $177.94.

TJX Companies Stock Down 0.1%

Shares of TJX Companies stock opened at $152.00 on Monday. The firm's 50 day moving average price is $157.63 and its 200-day moving average price is $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. The TJX Companies, Inc. has a 52-week low of $132.01 and a 52-week high of $170.00. The company has a market cap of $167.91 billion, a P/E ratio of 29.51, a PEG ratio of 3.28 and a beta of 0.62.

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 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 firm had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the previous year, the business posted $0.92 EPS. TJX Companies's revenue was up 9.2% on a year-over-year basis. 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, sell-side analysts predict that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend 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 presently 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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