GoalVest Advisory LLC Sells 5,905 Shares of The TJX Companies, Inc. $TJX

GoalVest Advisory LLC cut its position in The TJX Companies, Inc. (NYSE:TJX) by 88.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 761 shares of the apparel and home fashions retailer’s stock after selling 5,905 shares during the quarter. GoalVest Advisory LLC’s holdings in TJX Companies were worth $115,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Sax Wealth Advisors LLC grew its position in shares of TJX Companies by 2.2% during the 2nd quarter. Sax Wealth Advisors LLC now owns 4,429 shares of the apparel and home fashions retailer’s stock valued at $707,000 after purchasing an additional 96 shares in the last quarter. Cardano Risk Management B.V. raised its position in shares of TJX Companies by 0.8% in the second quarter. Cardano Risk Management B.V. now owns 676,762 shares of the apparel and home fashions retailer’s stock worth $102,529,000 after buying an additional 5,124 shares in the last quarter. Avity Investment Management Inc. raised its position in shares of TJX Companies by 1.0% in the second quarter. Avity Investment Management Inc. now owns 302,656 shares of the apparel and home fashions retailer’s stock worth $45,852,000 after buying an additional 2,852 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in TJX Companies by 1.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 51,589 shares of the apparel and home fashions retailer’s stock valued at $7,816,000 after buying an additional 706 shares during the period. Finally, Pine Haven Investment Counsel Inc boosted its stake in TJX Companies by 1.6% during the second quarter. Pine Haven Investment Counsel Inc now owns 10,533 shares of the apparel and home fashions retailer’s stock valued at $1,596,000 after buying an additional 163 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at $87,051,761. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction that occurred 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 transaction, the director owned 802 shares in the company, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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 corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on TJX shares. Telsey Advisory Group boosted their target price on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of TJX Companies in a report on Thursday. Barclays reiterated an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Evercore restated an “outperform” rating and issued a $175.00 price objective 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, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $177.94.

TJX Companies Stock Down 0.5%

Shares of NYSE:TJX opened at $161.21 on Friday. The TJX Companies, Inc. has a 52-week low of $130.88 and a 52-week high of $170.00. The firm has a fifty day moving average of $157.85 and a 200 day moving average of $156.76. The firm has a market capitalization of $178.09 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 3.48 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly 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 business had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. 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, research analysts anticipate that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is 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.