Live Oak Private Wealth LLC Has $7.98 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Live Oak Private Wealth reduced its TJX Companies stake by 18.2% in the second quarter, selling 11,742 shares and retaining 52,671 shares worth approximately $7.98 million. Institutional investors collectively own 91.09% of the company.
• Analyst sentiment remains positive overall, with TJX carrying a “Moderate Buy” consensus rating and an average price target of $171.63, despite Citigroup and Wall Street Zen recently downgrading the stock.
• TJX reported quarterly earnings of $1.22 per share, exceeding estimates, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a quarterly dividend of $0.48 per share, representing a 1.4% yield.

Live Oak Private Wealth LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 18.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,671 shares of the apparel and home fashions retailer's stock after selling 11,742 shares during the quarter. Live Oak Private Wealth LLC's holdings in TJX Companies were worth $7,980,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares during the last quarter. Bison Wealth LLC grew its stake in TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after purchasing an additional 955 shares in the last quarter. United Bank grew its stake in TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock valued at $2,013,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. acquired a new position in shares of TJX Companies during the 2nd quarter worth approximately $244,000. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut TJX Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Citigroup downgraded 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 report on Thursday, August 20th. Telsey Advisory Group upped their price target on shares of TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Robert W. Baird increased 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. Finally, Truist Financial set a $190.00 price target on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and an average target price of $171.63.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated 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 completion of the sale, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Klinger sold 6,235 shares of the business's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the sale, the chief financial officer directly owned 64,257 shares of the company's stock, valued at $10,330,597.89. This represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,818 shares of company stock valued at $16,306,691 in the last three months. 0.15% of the stock is owned by insiders.

TJX Companies Stock Performance

TJX opened at $133.26 on Wednesday. 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 business has a fifty day simple moving average of $151.62 and a 200 day simple moving average of $155.82. The TJX Companies, Inc. has a 1 year low of $133.04 and a 1 year high of $170.00. The company has a market capitalization of $146.58 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same quarter last year, the business earned $1.10 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. 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. Research analysts expect that The TJX Companies, Inc. will post 5.21 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's dividend payout ratio (DPR) is currently 35.49%.

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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