HORAN Wealth LLC Sells 35,730 Shares of The TJX Companies, Inc. $TJX

Key Points

• HORAN Wealth LLC cut its TJX Companies position by 50.6% in the second quarter, selling 35,730 shares and retaining 34,928 shares valued at approximately $5.29 million. Institutional investors own 91.09% of the company.
• TJX reported quarterly EPS of $1.22, exceeding estimates by $0.03, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a quarterly dividend of $0.48 per share, equivalent to a 1.5% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $171.63, although some firms recently downgraded the stock and lowered their targets. TJX shares opened at $132.09, near their 52-week low of $130.15.

HORAN Wealth LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 50.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,928 shares of the apparel and home fashions retailer's stock after selling 35,730 shares during the period. HORAN Wealth LLC's holdings in TJX Companies were worth $5,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coston McIsaac & Partners raised its holdings in TJX Companies by 11.3% during the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer's stock valued at $100,000 after acquiring an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC grew its position in shares of TJX Companies by 11.0% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock valued at $106,000 after purchasing an additional 66 shares in the last quarter. HBW Advisory Services LLC raised its stake in shares of TJX Companies by 5.1% during the 2nd quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer's stock valued at $206,000 after purchasing an additional 66 shares during the period. Hohimer Wealth Management LLC raised its stake in shares of TJX Companies by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer's stock valued at $859,000 after purchasing an additional 66 shares during the period. Finally, Verde Capital Management lifted its holdings in TJX Companies by 0.7% during the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer's stock worth $1,539,000 after purchasing an additional 67 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.0%

Shares of TJX opened at $132.09 on Monday. The TJX Companies, Inc. has a 1-year low of $130.15 and a 1-year high of $170.00. The company has a market capitalization of $145.30 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.38 and a beta of 0.60. 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 firm's 50 day simple moving average is $150.02 and its 200 day simple moving average is $155.34.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. 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. Sell-side analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. TJX Companies's dividend payout ratio (DPR) is presently 35.49%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TJX shares. Gordon Haskett restated an "accumulate" rating and issued a $155.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price objective 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. Jefferies Financial Group lowered shares of TJX Companies from a "buy" rating to a "hold" rating and decreased their target price for the stock from $180.00 to $145.00 in a report on Wednesday, August 26th. Finally, Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $171.63.

Insider Activity

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company's stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company's stock.

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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