Hyperion Capital Advisors LP Makes New Investment in The TJX Companies, Inc. $TJX

Key Points

• Hyperion Capital Advisors LP initiated a TJX Companies position in the second quarter, purchasing 9,567 shares valued at approximately $1.45 million. Institutional investors and hedge funds collectively own 91.09% of the stock.
• Analysts remain broadly optimistic, with TJX holding a consensus “Moderate Buy” rating and an average price target of $173.89, despite Weiss Ratings modestly lowering its rating.
• TJX beat quarterly expectations with $1.22 in earnings per share and $15.18 billion in revenue, while announcing a quarterly dividend of $0.48 per share. Company insiders have sold more than 130,000 shares over the past three months.

Hyperion Capital Advisors LP bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,567 shares of the apparel and home fashions retailer's stock, valued at approximately $1,449,000. TJX Companies comprises 0.7% of Hyperion Capital Advisors LP's portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. L2 Asset Management LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $983,000. Vega Investment Solutions bought a new position in TJX Companies in the 2nd quarter valued at approximately $780,000. Cetera Trust Company N.A acquired a new stake in TJX Companies in the second quarter valued at approximately $27,000. Visionary Wealth Advisors acquired a new stake in TJX Companies in the second quarter valued at approximately $212,000. Finally, Whalen Wealth Management Inc. bought a new stake in shares of TJX Companies during the second quarter worth $456,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TJX. Robert W. Baird upped their price target 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. UBS Group restated a "buy" rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a research report on Thursday. Telsey Advisory Group upped their target price on TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Sanford C. Bernstein reiterated an "outperform" rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.89.

TJX Companies Price Performance

TJX Companies stock opened at $140.78 on Tuesday. The stock's 50 day moving average is $155.10 and its 200 day moving average is $156.60. 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 has a market cap of $155.51 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.71 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $134.74 and a one year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. 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. As a group, research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's dividend payout ratio is currently 35.49%.

Insider Activity

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the business's 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 owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company'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 sale, the director directly owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by corporate insiders.

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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