Vertrix Wealth Management LLC Has $4.49 Million Position in The TJX Companies, Inc. $TJX

Vertrix Wealth Management LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,658 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,602 shares during the quarter. TJX Companies makes up approximately 1.5% of Vertrix Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. Vertrix Wealth Management LLC’s holdings in TJX Companies were worth $4,493,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Swiss Life Asset Management Ltd boosted its position in shares of TJX Companies by 9.5% in the fourth 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 grew its stake in shares of 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 acquiring an additional 12,377 shares in the last quarter. J.Safra Asset Management Corp increased its position in 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 worth $1,045,000 after acquiring an additional 2,989 shares during the period. Bluedoor Private Wealth LLC bought a new position in TJX Companies during the fourth quarter worth about $2,559,000. Finally, Benjamin Edwards Inc. raised its stake in 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 worth $20,856,000 after purchasing an additional 19,871 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the sale, the chief financial officer owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on 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 transaction, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,367 shares of company stock valued at $20,959,476 over the last ninety days. Company insiders own 0.15% of the company’s stock.

TJX Companies Trading Down 0.1%

Shares of TJX Companies stock opened at $161.21 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $130.88 and a 12-month high of $170.00. The company has a market capitalization of $178.09 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 3.48 and a beta of 0.62. The firm’s 50-day moving average price is $157.85 and its two-hundred day moving average price is $156.75.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating 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 company had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the previous year, the company earned $0.92 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that The TJX Companies, Inc. will post 5.19 earnings per share 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. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is currently 37.28%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Morgan Stanley reiterated an “overweight” rating on shares of TJX Companies in a research report on Thursday. Truist Financial set a $190.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and an average price target of $177.94.

TJX Companies Company 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.