Sequoia Financial Advisors LLC Boosts Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Sequoia Financial Advisors increased its TJX Companies stake by 6.6% in the second quarter, bringing its holdings to 241,412 shares valued at approximately $36.6 million. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly earnings of $1.19 per share, exceeding estimates of $1.02, while revenue rose 9.2% year over year to $14.32 billion. Analysts maintain an overall “Buy” rating with an average price target of $177.94.
• Company insiders sold 130,367 shares worth roughly $21.0 million over the past quarter, while TJX announced a quarterly dividend of $0.48 per share, representing a 1.3% yield.

Sequoia Financial Advisors LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 241,412 shares of the apparel and home fashions retailer's stock after purchasing an additional 14,878 shares during the quarter. Sequoia Financial Advisors LLC's holdings in TJX Companies were worth $36,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position 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 valued at $25,000 after buying an additional 89 shares during the last quarter. Entrust Financial LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $26,000. IMG Wealth Management Inc. grew its stake 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 worth $27,000 after acquiring an additional 69 shares during the period. Finally, Joseph Group Capital Management acquired a new position in TJX Companies in the 4th quarter valued at $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TJX. Sanford C. Bernstein reissued an "outperform" rating on shares of TJX Companies in a research note on Thursday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, July 18th. BTIG Research upped their target price on TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Wells Fargo & Company reiterated an "outperform" rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, UBS Group reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $177.94.

TJX Companies Trading Down 1.2%

TJX stock opened at $152.00 on Friday. The company has a market cap of $167.91 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 3.28 and a beta of 0.62. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $157.63 and a 200-day simple moving average of $156.73. The TJX Companies, Inc. has a 52 week low of $132.01 and a 52 week high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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 return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion for the quarter, compared to analysts' expectations of $14.02 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The firm'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. On average, equities research analysts expect that The TJX Companies, Inc. will post 5.19 EPS for the current year.

TJX Companies Announces Dividend

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

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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