HM Payson & Co. Has $94.13 Million Stake in The TJX Companies, Inc. $TJX

HM Payson & Co. grew its position in The TJX Companies, Inc. (NYSE:TJX) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 621,328 shares of the apparel and home fashions retailer’s stock after purchasing an additional 57,081 shares during the quarter. TJX Companies makes up about 1.2% of HM Payson & Co.’s portfolio, making the stock its 18th largest position. HM Payson & Co. owned 0.06% of TJX Companies worth $94,131,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position in TJX Companies by 120.3% during the fourth 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 last quarter. Entrust Financial LLC acquired a new stake in TJX Companies during the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $26,000. IMG Wealth Management Inc. lifted its stake in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares during the period. Finally, Joseph Group Capital Management acquired a new position in shares of TJX Companies in the 4th quarter valued at about $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 1.2%

TJX stock opened at $152.00 on Friday. The stock’s 50 day simple moving average is $157.63 and its 200 day simple moving average is $156.73. The company has a market cap of $167.91 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 3.28 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. The TJX Companies, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. 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, research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is currently 37.28%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the sale, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. The trade was 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, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction 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 sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research note on Thursday, May 21st. 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. BTIG Research boosted their price target on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Barclays reaffirmed an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and an average target price of $177.94.

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.