NEOS Investment Management LLC Acquires 19,571 Shares of The TJX Companies, Inc. $TJX

Key Points

• NEOS Investment Management increased its TJX Companies stake by 12.1% in the second quarter, acquiring 19,571 shares and bringing its total holdings to 181,654 shares valued at approximately $27.5 million.
• Analysts remain broadly optimistic, with a consensus rating of “Moderate Buy” and an average price target of $171.63; recent targets range from $152 to $190.
• TJX exceeded quarterly expectations, reporting $1.22 in EPS and $15.18 billion in revenue, while shares opened at $132.09—near their 52-week low—and the company maintained a $0.48 quarterly dividend.

NEOS Investment Management LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,654 shares of the apparel and home fashions retailer's stock after acquiring an additional 19,571 shares during the quarter. NEOS Investment Management LLC's holdings in TJX Companies were worth $27,521,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in shares of TJX Companies by 120.3% in 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 purchasing an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new position in TJX Companies in the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the 4th quarter valued at about $26,000. IMG Wealth Management Inc. boosted its position in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock valued at $27,000 after buying an additional 69 shares during the period. Finally, Cetera Trust Company N.A purchased a new stake in TJX Companies in the 2nd quarter valued at about $27,000. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TJX. BTIG Research restated a "buy" rating and issued a $190.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Barclays set a $188.00 price target on TJX Companies and gave the company an "overweight" rating in a report on Thursday, August 20th. Robert W. Baird raised their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Guggenheim set a $152.00 target price on TJX Companies in a research report on Monday. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Two equities research 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $171.63.

Insiders Place Their Bets

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the firm'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 sale, the chairman owned 201,496 shares of the company's stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company's stock.

TJX Companies Price Performance

Shares of TJX opened at $132.09 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The company has a 50 day moving average price of $150.02 and a 200-day moving average price of $155.33. The TJX Companies, Inc. has a fifty-two week low of $130.15 and a fifty-two week high of $170.00. The stock has a market capitalization of $145.30 billion, a PE ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company 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. Equities analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. TJX Companies's payout ratio is presently 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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