Gradient Investments LLC Acquires 6,599 Shares of The TJX Companies, Inc. $TJX

Gradient Investments LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,887 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,599 shares during the quarter. Gradient Investments LLC’s holdings in TJX Companies were worth $20,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in TJX. Swiss Life Asset Management Ltd lifted its position in shares of TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after acquiring an additional 32,407 shares during the period. Family Capital Trust Co increased its stake in TJX Companies by 1,080.0% in the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after purchasing an additional 12,377 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in shares of TJX Companies by 78.3% during the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after purchasing an additional 2,989 shares during the period. Bluedoor Private Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter worth about $2,559,000. Finally, Benjamin Edwards Inc. grew its stake in shares of TJX Companies by 17.1% in the 4th quarter. Benjamin Edwards Inc. now owns 135,775 shares of the apparel and home fashions retailer’s stock valued at $20,856,000 after buying an additional 19,871 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Barclays reiterated an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Telsey Advisory Group boosted their price objective on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $177.94.

TJX Companies Trading Down 0.5%

NYSE:TJX opened at $161.21 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The TJX Companies, Inc. has a one year low of $130.88 and a one year high of $170.00. The company has a market cap of $178.09 billion, a PE ratio of 31.30, a PEG ratio of 3.50 and a beta of 0.62. The firm has a 50-day moving average of $157.85 and a 200-day moving average of $156.76.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. 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, equities research analysts expect that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is currently 37.28%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 29,549 shares of the stock in a transaction 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 directly owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This represents a 5.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock worth $20,959,476 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

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.