The TJX Companies, Inc. $TJX Shares Acquired by VELA Investment Management LLC

VELA Investment Management LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 333.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,828 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,023 shares during the quarter. VELA Investment Management LLC’s holdings in TJX Companies were worth $1,186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Coston McIsaac & Partners lifted its holdings in TJX Companies by 11.3% during the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock worth $100,000 after buying an additional 64 shares in the last quarter. Kohmann Bosshard Financial Services LLC increased its position in shares of TJX Companies by 11.0% during 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 acquiring an additional 66 shares during the period. HBW Advisory Services LLC raised its stake in shares of TJX Companies by 5.1% in the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock valued at $206,000 after acquiring an additional 66 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in TJX Companies by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock valued at $859,000 after purchasing an additional 66 shares during the period. Finally, Verde Capital Management grew its stake 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 worth $1,539,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Robert W. Baird raised their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wells Fargo & Company decreased their price target on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Finally, Barclays set a $188.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $171.63.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction dated 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 completion of the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $132.09 on Monday. The stock’s 50-day simple moving average is $150.02 and its 200-day simple moving average is $155.34. The firm has a market capitalization of $145.30 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The TJX Companies, Inc. has a fifty-two week low of $130.15 and a fifty-two week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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 company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The firm’s 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. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. TJX Companies’s payout ratio is 35.49%.

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.