Howland Capital Management LLC Has $62.33 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Howland Capital Management reduced its TJX Companies position by 3.4% in the second quarter, selling 14,402 shares and retaining 411,442 shares valued at $62.33 million. Institutional investors and hedge funds collectively own 91.09% of TJX.
• TJX reported quarterly EPS of $1.19, beating estimates by $0.17, while revenue rose 9.2% year over year to $14.32 billion. Analysts maintain a consensus “Buy” rating with an average price target of $177.94.
• The company declared a quarterly dividend of $0.48 per share, equal to a $1.92 annualized payout and a 1.3% yield. Meanwhile, insiders sold more than 130,000 shares worth approximately $20.96 million over the past 90 days.

Howland Capital Management LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 411,442 shares of the apparel and home fashions retailer's stock after selling 14,402 shares during the period. TJX Companies makes up about 2.2% of Howland Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Howland Capital Management LLC's holdings in TJX Companies were worth $62,333,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in shares of TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock valued at $25,000 after buying an additional 89 shares in the last quarter. Entrust Financial LLC bought a new position in TJX Companies during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in TJX Companies during the fourth quarter worth about $26,000. IMG Wealth Management Inc. grew its stake in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock valued at $27,000 after acquiring an additional 69 shares during the period. Finally, Joseph Group Capital Management acquired a new position in TJX Companies in the fourth quarter valued at about $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX opened at $152.36 on Thursday. The business's 50-day moving average price is $157.90 and its two-hundred day moving average price is $156.76. The TJX Companies, Inc. has a 1 year low of $132.01 and a 1 year high of $170.00. The company has a market capitalization of $168.31 billion, a price-to-earnings ratio of 29.58, a P/E/G ratio of 3.36 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion for 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%.The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. 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. Equities analysts expect that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.3%. TJX Companies's payout ratio is presently 37.28%.

Insider Transactions at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the firm's 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 completion of the transaction, the chairman directly owned 201,496 shares of the company's stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the transaction, the chief executive officer directly owned 552,850 shares of the company's stock, valued at $87,051,761. This represents a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. BTIG Research raised their price target on TJX Companies from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Barclays reiterated an "overweight" rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, Robert W. Baird lifted their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $177.94.

About TJX Companies

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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