Hennessy Advisors Inc. Invests $2.59 Million in The TJX Companies, Inc. $TJX

Key Points

• Hennessy Advisors acquired a new $2.59 million stake in TJX Companies during the second quarter, purchasing 17,124 shares. Institutional investors and hedge funds collectively own 91.09% of the company.
• TJX reported quarterly adjusted 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, representing a 1.3% annualized yield.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $177.94 versus the stock’s recent price of $152.00. However, insiders sold approximately $20.96 million of shares over the past three months.

Hennessy Advisors Inc. acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,124 shares of the apparel and home fashions retailer's stock, valued at approximately $2,594,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of TJX Companies by 0.8% during the fourth 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 during the period. Geode Capital Management LLC raised its holdings in shares of TJX Companies by 2.6% in 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 in the last quarter. Bank of America Corp DE lifted its position in shares of TJX Companies by 2.0% during the 4th 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 purchasing an additional 495,989 shares during the last quarter. Capital International Investors grew its stake in shares of TJX Companies by 2.0% during 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 purchasing an additional 308,408 shares in the last quarter. Finally, Norges Bank purchased a new position in TJX Companies in the fourth quarter valued at $2,211,975,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock worth $20,959,476 over the last three months. 0.15% of the stock is owned by company insiders.

TJX Companies Stock Performance

NYSE TJX opened at $152.00 on Friday. 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 business's 50-day moving average price is $157.63 and its 200 day moving average price is $156.73. The firm 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.

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, beating the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.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 prior year, the business earned $0.92 EPS. The firm'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. On average, equities research analysts expect that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.48 dividend. 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 payout ratio is presently 37.28%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings downgraded TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Barclays restated an "overweight" rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Morgan Stanley reiterated an "overweight" rating on shares of TJX Companies in a research note on Thursday, August 6th. UBS Group restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, June 9th. Finally, Evercore restated an "outperform" rating and issued a $175.00 target price on shares of TJX Companies in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price 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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