Harbour Wealth Management Group Inc. Invests $859,000 in The TJX Companies, Inc. $TJX

Harbour Wealth Management Group Inc. acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,590 shares of the apparel and home fashions retailer’s stock, valued at approximately $859,000.

Several other hedge funds have also added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in 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 valued at $25,000 after acquiring an additional 89 shares during the period. Dogwood Wealth Management LLC raised its stake in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares during the last quarter. Entrust Financial LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $26,000. Finally, GGM Financials LLC bought a new stake in shares of TJX Companies in the third quarter worth $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 29,549 shares of the firm’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 transaction of $4,652,785.54. Following the sale, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last ninety days. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on TJX shares. BTIG Research raised their target price on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. Robert W. Baird increased their price target on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wells Fargo & Company restated an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Telsey Advisory Group lifted their price objective on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $174.58.

TJX Companies Stock Performance

Shares of TJX opened at $163.81 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $158.00 and its two-hundred day simple moving average is $156.48. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $170.00. The stock has a market capitalization of $180.96 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 3.56 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) 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 company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the previous year, the business earned $0.92 EPS. The firm’s 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 predict that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s payout ratio is 37.28%.

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.