HighTower Advisors LLC Has $208.43 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• HighTower Advisors reduced its TJX Companies stake by 4% in the second quarter, selling 56,653 shares. It still held 1.38 million shares valued at approximately $208.4 million, while institutional investors collectively owned 91.09% of the stock.
• Analyst sentiment remains broadly positive, with TJX carrying a “Moderate Buy” consensus rating and an average price target of $171.63. However, Jefferies and Wall Street Zen downgraded the stock to “Hold,” citing a lower price outlook.
• TJX reported quarterly earnings of $1.22 per share, beating estimates by $0.03, while revenue rose 5.4% year over year to $15.18 billion. Shares opened at $132.09, near the company’s 12-month low, and the retailer maintains a quarterly dividend of $0.48 per share.

HighTower Advisors LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,375,797 shares of the apparel and home fashions retailer's stock after selling 56,653 shares during the period. HighTower Advisors LLC owned 0.12% of TJX Companies worth $208,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC raised its stake in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the period. Bison Wealth LLC raised its stake in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after buying an additional 955 shares during the period. United Bank boosted its holdings in TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock worth $2,013,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. acquired a new stake in TJX Companies in the second quarter valued at approximately $244,000. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TJX. Evercore reiterated an "outperform" rating and issued a $173.00 target price on shares of TJX Companies in a report on Thursday, August 20th. UBS Group restated a "buy" rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Tuesday, August 25th. Jefferies Financial Group cut shares of TJX Companies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Finally, Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $171.63.

Insider Activity

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction that occurred 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 transaction, the director owned 802 shares of the company's stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.15% of the company's stock.

TJX Companies Stock Up 0.0%

Shares of NYSE:TJX opened at $132.09 on Monday. The business's 50 day moving average is $150.02 and its 200 day moving average is $155.34. The TJX Companies, Inc. has a 12-month low of $130.15 and a 12-month high of $170.00. The stock has a market cap of $145.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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 business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the firm posted $1.10 EPS. TJX Companies's quarterly revenue was up 5.4% compared to the same quarter last year. 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 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were issued a $0.48 dividend. The ex-dividend date was Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. TJX Companies's dividend payout ratio is currently 35.49%.

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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