Y Intercept Hong Kong Ltd Buys 28,674 Shares of The TJX Companies, Inc. $TJX

Key Points

• Y Intercept Hong Kong Ltd more than doubled its TJX stake in the second quarter, buying 28,674 additional shares for a total holding of 56,499 shares valued at approximately $8.56 million. Institutional investors collectively own 91.09% of the company.
• Analysts remain broadly bullish: TJX has a consensus “Buy” rating, with 18 Buy and two Strong Buy ratings and an average price target of $177.94.
• TJX reported quarterly revenue of $14.32 billion and earnings of $1.19 per share, beating estimates and marking 9.2% year-over-year revenue growth. The company also declared a quarterly dividend of $0.48 per share, implying a 1.3% annual yield.

Y Intercept Hong Kong Ltd grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 103.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 56,499 shares of the apparel and home fashions retailer's stock after buying an additional 28,674 shares during the period. Y Intercept Hong Kong Ltd's holdings in TJX Companies were worth $8,560,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its position in shares of TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after acquiring an additional 89 shares during the period. Entrust Financial LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at $26,000. Joseph Group Capital Management acquired a new position in shares of TJX Companies in the fourth quarter valued at $27,000. Finally, IMG Wealth Management Inc. lifted its position in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock worth $27,000 after purchasing an additional 69 shares during the period. Institutional investors own 91.09% of the company's stock.

Insider Activity

In related news, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. This represents a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the firm's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer directly owned 514,848 shares of the company's stock, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on TJX. UBS Group reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, June 9th. BTIG Research lifted their target price on shares of TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a research report on Monday, May 18th. Finally, Truist Financial set a $190.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 21st. Two 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. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $177.94.

TJX Companies Stock Performance

TJX Companies stock opened at $152.36 on Thursday. The firm has a market capitalization of $168.31 billion, a P/E ratio of 29.58, a P/E/G ratio of 3.36 and a beta of 0.62. The stock has a fifty day moving average price of $157.90 and a two-hundred day moving average price of $156.76. The TJX Companies, Inc. has a 52-week low of $132.01 and a 52-week high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The firm's quarterly revenue 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. As a group, analysts anticipate that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal 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 issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is presently 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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