Kingsview Wealth Management LLC Buys Shares of 54,790 The TJX Companies, Inc. $TJX

Key Points

• Kingsview Wealth Management acquired 54,790 TJX shares worth approximately $8.3 million in the second quarter, while institutional investors collectively own 91.09% of the company.
• TJX reported quarterly EPS of $1.22, exceeding estimates by $0.03, as revenue rose 5.4% year over year to $15.18 billion. The company also issued fiscal 2027 EPS guidance of $5.15–$5.20.
• Analysts maintain a bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $172.84; however, insiders sold about $21.0 million in stock over the past three months.

Kingsview Wealth Management LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,790 shares of the apparel and home fashions retailer's stock, valued at approximately $8,301,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Henson Edgewater Management LLC purchased a new position in TJX Companies in the 2nd quarter valued at about $2,032,000. Beacon Pointe Advisors LLC acquired a new position in shares of TJX Companies in the second quarter valued at approximately $8,798,000. Kimelman & Baird LLC acquired a new position in shares of TJX Companies in the second quarter valued at approximately $49,539,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of TJX Companies during the second quarter valued at approximately $944,000. Finally, Rakuten Investment Management Inc. acquired a new stake in TJX Companies during the second quarter worth approximately $27,361,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity

In other news, Director Jackwyn Nemerov sold 957 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company's 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 completion of the transaction, the chairman owned 201,496 shares of the company's stock, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research analyst reports. Barclays set a $188.00 price target on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Evercore reiterated an "outperform" rating and issued a $173.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 21st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a report on Tuesday. Finally, Telsey Advisory Group raised their target price on TJX Companies from $175.00 to $185.00 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, sixteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus target price of $172.84.

TJX Companies Trading Up 0.7%

NYSE:TJX opened at $135.16 on Friday. The business's 50 day moving average is $152.86 and its two-hundred day moving average is $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 market cap of $149.31 billion, a PE ratio of 24.98, a P/E/G ratio of 2.60 and a beta of 0.62. 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 data 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. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The firm's 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. On average, analysts predict that The TJX Companies, Inc. will post 5.2 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. 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 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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