Hennessy Advisors Inc. acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,124 shares of the apparel and home fashions retailer's stock, valued at approximately $2,594,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Cullinan Associates Inc. increased its holdings in TJX Companies by 1.1% during the 2nd quarter. Cullinan Associates Inc. now owns 51,825 shares of the apparel and home fashions retailer's stock worth $7,852,000 after purchasing an additional 544 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of TJX Companies by 7.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer's stock valued at $1,902,841,000 after purchasing an additional 883,294 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of TJX Companies by 8.9% in the second quarter. New Mexico Educational Retirement Board now owns 55,280 shares of the apparel and home fashions retailer's stock valued at $8,375,000 after purchasing an additional 4,500 shares in the last quarter. Mufg Securities Americas Inc. boosted its position in shares of TJX Companies by 8.4% during the second quarter. Mufg Securities Americas Inc. now owns 33,306 shares of the apparel and home fashions retailer's stock worth $5,046,000 after buying an additional 2,579 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of TJX Companies by 3.3% during the second quarter. Van ECK Associates Corp now owns 340,295 shares of the apparel and home fashions retailer's stock worth $51,555,000 after buying an additional 10,969 shares during the period. 91.09% of the stock is owned by institutional investors.
TJX Companies Stock Performance
Shares of NYSE TJX opened at $135.16 on Monday. The stock has a 50 day moving average price of $152.86 and a 200 day moving average price of $156.07. The TJX Companies, Inc. has a 52 week low of $133.55 and a 52 week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The stock has a market capitalization of $149.31 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.62.
TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The business's quarterly revenue 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. Analysts predict that The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.
TJX Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid 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 (DPR) is currently 35.49%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Evercore reissued an "outperform" rating and issued a $173.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $175.00 price target on shares of TJX Companies in a research report on Tuesday, August 25th. Erste Group Bank cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Barclays set a $188.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, August 20th. Finally, Robert W. Baird increased their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and a consensus price target of $172.84.
Get Our Latest Analysis on TJX Companies
Insider Activity
In related news, Director Jackwyn Nemerov sold 957 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the sale, the director directly owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction dated 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 transaction, the chief financial officer owned 64,257 shares of the company's stock, valued at $10,330,597.89. The trade was a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 130,367 shares of company stock worth $20,959,476. Insiders own 0.15% of the company's stock.
About TJX Companies
(
Free Report)
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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