Northeast Investment Management Buys 16,384 Shares of The TJX Companies, Inc. $TJX

Key Points

• Northeast Investment Management increased its TJX Companies stake by 11% in the second quarter, purchasing 16,384 additional shares and bringing its holdings to 165,229 shares valued at approximately $25 million. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly revenue of $14.32 billion and earnings of $1.19 per share, surpassing analyst estimates, while revenue grew 9.2% year over year. The company also issued guidance for fiscal 2027 and analysts expect full-year EPS of $5.19.
• The stock recently traded at $152, below its 50-day and 200-day moving averages, while Wall Street maintained a consensus “Buy” rating with an average price target of $177.94. TJX declared a quarterly dividend of $0.48 per share, implying a 1.3% yield.

Northeast Investment Management boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,229 shares of the apparel and home fashions retailer's stock after purchasing an additional 16,384 shares during the period. Northeast Investment Management's holdings in TJX Companies were worth $25,032,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coston McIsaac & Partners grew its holdings in shares of TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer's stock worth $100,000 after purchasing an additional 64 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its stake in shares of TJX Companies by 11.0% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock worth $106,000 after buying an additional 66 shares during the period. HBW Advisory Services LLC raised its holdings in TJX Companies by 5.1% during the 2nd quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer's stock valued at $206,000 after buying an additional 66 shares during the last quarter. Hohimer Wealth Management LLC raised its holdings in TJX Companies by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer's stock valued at $859,000 after buying an additional 66 shares during the last quarter. Finally, Verde Capital Management boosted its position in TJX Companies by 0.7% during the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer's stock valued at $1,539,000 after buying an additional 67 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 1.2%

Shares of NYSE TJX opened at $152.00 on Friday. The firm has a fifty day simple moving average of $157.63 and a two-hundred day simple moving average of $156.73. The TJX Companies, Inc. has a 12 month low of $132.01 and a 12 month high of $170.00. 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 firm has a market capitalization of $167.91 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. 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 analysts expect that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's payout ratio is presently 37.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 21st. Erste Group Bank lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Evercore reissued an "outperform" rating and issued a $175.00 target price on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup restated a "buy" rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Wells Fargo & Company reaffirmed an "outperform" rating and set a $160.00 price target (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $177.94.

Insider Transactions at TJX Companies

In other news, CFO John Klinger sold 6,235 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction that occurred on 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 sale, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 over the last quarter. Insiders own 0.15% of the company's stock.

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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