Van Hulzen Asset Management LLC Purchases New Holdings in The TJX Companies, Inc. $TJX

Van Hulzen Asset Management LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 77,901 shares of the apparel and home fashions retailer's stock, valued at approximately $11,802,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in TJX Companies in the second quarter worth about $16,489,926,000. Norges Bank purchased a new position in TJX Companies in the fourth quarter valued at about $2,211,975,000. Bank of New York Mellon Corp bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $1,598,731,000. Deutsche Bank AG bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $866,901,000. Finally, Diamant Asset Management Inc. increased its stake in shares of TJX Companies by 15,998.0% during the 1st quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer's stock worth $603,663,000 after purchasing an additional 3,756,502 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TJX. Gordon Haskett restated an "accumulate" rating and issued a $155.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Robert W. Baird boosted their price objective on TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. BTIG Research reaffirmed a "buy" rating and set a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 21st. Finally, Telsey Advisory Group lifted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $173.89.

Insiders Place Their Bets

In other news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction on 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 sale, the director directly owned 802 shares of the company's stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction dated 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 sale, the chief financial officer directly owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.2%

Shares of NYSE:TJX opened at $140.78 on Tuesday. The firm has a fifty day moving average price of $155.10 and a two-hundred day moving average price of $156.60. The company has a market cap of $155.51 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.71 and a beta of 0.62. 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 TJX Companies, Inc. has a one year low of $134.74 and a one year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results 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 net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The business's quarterly revenue was up 5.4% on a year-over-year basis. 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. Analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies's dividend payout ratio 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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