Meadowbrook Advisors Group LLC Invests $1.73 Million in The TJX Companies, Inc. $TJX

Key Points

• Meadowbrook Advisors Group LLC initiated a new position in TJX Companies during the fourth quarter, buying 11,246 shares worth about $1.73 million.
• TJX also saw notable insider selling, including CFO John Klinger and Director Jackwyn Nemerov, with insiders selling 130,367 shares over the last three months.
• The company reported better-than-expected quarterly results, with EPS of $1.19 and revenue of $14.32 billion, while analysts remain bullish with a consensus Buy rating and an average price target of $174.58.

Meadowbrook Advisors Group LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,246 shares of the apparel and home fashions retailer's stock, valued at approximately $1,727,000.

Other hedge funds have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after buying an additional 89 shares during the last quarter. Dogwood Wealth Management LLC raised its stake in TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 92 shares during the period. Entrust Financial LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Finally, GGM Financials LLC bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, 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 value of $1,002,400.95. Following the completion of the sale, the chief financial officer owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 130,367 shares of company stock worth $20,959,476. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Robert W. Baird boosted their target price on TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Weiss Ratings downgraded TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday. Barclays reaffirmed an "overweight" rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Wells Fargo & Company reiterated an "outperform" rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of TJX Companies in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Buy" and an average target price of $174.58.

TJX Companies Price Performance

Shares of NYSE TJX opened at $163.81 on Friday. The firm has a market cap of $180.96 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 3.55 and a beta of 0.62. The business's 50 day moving average is $158.04 and its 200-day moving average is $156.53. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. 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 research analysts predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's dividend payout ratio (DPR) is currently 37.28%.

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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