The TJX Companies, Inc. $TJX Shares Purchased by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its stake in The TJX Companies, Inc. by 15.1%, owning a total of 133,737 shares valued at approximately $16.29 million.
• Analysts have given TJX an average rating of "Buy" with a price target range of $141.33, reflecting positive sentiment in the market.
• The TJX Companies recently announced a quarterly dividend of $0.425 per share, representing an annual yield of 1.3%.

Kovitz Investment Group Partners LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,737 shares of the apparel and home fashions retailer's stock after purchasing an additional 17,557 shares during the period. Kovitz Investment Group Partners LLC's holdings in TJX Companies were worth $16,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TCTC Holdings LLC boosted its position in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in TJX Companies in the 1st quarter valued at about $37,000. Finally, Rialto Wealth Management LLC lifted its holdings in TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TJX shares. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $150.00 target price on shares of TJX Companies in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $141.33.

TJX Companies Stock Performance

TJX traded up $1.2130 during trading hours on Tuesday, hitting $134.2730. 3,786,863 shares of the stock were exchanged, compared to its average volume of 5,284,651. The stock has a 50-day simple moving average of $126.05 and a 200-day simple moving average of $125.16. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $135.85. The stock has a market cap of $150.00 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 3.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.The firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period last year, the business posted $0.93 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.