Gradient Investments LLC Buys 6,599 Shares of The TJX Companies, Inc. $TJX

Key Points

• Gradient Investments increased its TJX Companies stake by 5.1% in the second quarter, buying 6,599 shares to reach 135,887 shares valued at approximately $20.6 million. Institutional investors and hedge funds collectively own 91.09% of the stock.
• TJX reported quarterly EPS of $1.19, beating estimates by $0.17, while revenue rose 9.2% year over year to $14.32 billion. The company declared a quarterly dividend of $0.48 per share, implying an annualized yield of about 1.2%.
• Analysts maintain a consensus “Buy” rating with a $177.94 price target, although company insiders sold 130,367 shares worth roughly $21.0 million over the past three months.

Gradient Investments LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,887 shares of the apparel and home fashions retailer's stock after buying an additional 6,599 shares during the quarter. Gradient Investments LLC's holdings in TJX Companies were worth $20,587,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TJX. Swiss Life Asset Management Ltd grew its holdings in shares of TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer's stock valued at $57,363,000 after purchasing an additional 32,407 shares during the last quarter. Family Capital Trust Co lifted its stake in TJX Companies by 1,080.0% in the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer's stock valued at $2,077,000 after purchasing an additional 12,377 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer's stock valued at $1,045,000 after purchasing an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $2,559,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of TJX Companies by 17.1% during the fourth quarter. Benjamin Edwards Inc. now owns 135,775 shares of the apparel and home fashions retailer's stock worth $20,856,000 after buying an additional 19,871 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 29,549 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares of the company's stock, valued at approximately $87,051,761. This represents a 5.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares of the company's stock, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock valued at $20,959,476 over the last three months. 0.15% of the stock is owned by insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $161.21 on Friday. The stock has a market cap of $178.09 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 3.50 and a beta of 0.62. The TJX Companies, Inc. has a twelve month low of $130.88 and a twelve month high of $170.00. The company's fifty day moving average is $157.85 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 announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. 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. Sell-side analysts forecast that The TJX Companies, Inc. will post 5.19 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies's dividend payout ratio (DPR) is 37.28%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TJX. Barclays reaffirmed an "overweight" rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Evercore reissued an "outperform" rating and set a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. 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 report on Monday, May 18th. BTIG Research upped their price objective on TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Finally, UBS Group reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $177.94.

TJX Companies 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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