Fox Hill Wealth Management Takes $4.18 Million Position in The TJX Companies, Inc. $TJX

Fox Hill Wealth Management acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 27,603 shares of the apparel and home fashions retailer's stock, valued at approximately $4,182,000. TJX Companies accounts for 1.7% of Fox Hill Wealth Management's holdings, making the stock its 16th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in TJX Companies in the second quarter valued at approximately $16,489,926,000. Geode Capital Management LLC grew its holdings in shares of TJX Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer's stock worth $4,134,174,000 after purchasing an additional 673,690 shares during the last quarter. Bank of America Corp DE increased its stake in shares of TJX Companies by 2.0% in the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer's stock worth $3,935,630,000 after buying an additional 495,989 shares during the period. Capital International Investors increased its stake in shares of TJX Companies by 2.0% in the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer's stock worth $2,455,911,000 after buying an additional 308,408 shares during the period. Finally, Norges Bank bought a new stake in TJX Companies during the 4th quarter valued at $2,211,975,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

TJX stock opened at $135.16 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The TJX Companies, Inc. has a 1 year low of $133.55 and a 1 year high of $170.00. The firm has a 50-day moving average of $152.86 and a 200 day moving average of $156.07. The company has a market cap of $149.31 billion, a P/E ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 5.2 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders 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 1.4%. TJX Companies's dividend payout ratio is 35.49%.

Insider Transactions at TJX Companies

In related news, 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 value of $1,002,400.95. Following the completion of the transaction, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of the business's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the sale, the chief executive officer directly owned 552,850 shares in the company, 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. Over the last three months, insiders sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

TJX has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $173.00 to $174.00 and gave the company an "overweight" rating in a research report on Monday, May 18th. Barclays set a $188.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, August 20th. Weiss Ratings cut TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and lowered their price target for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Finally, Gordon Haskett reiterated an "accumulate" rating and issued a $155.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $172.84.

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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