Merit Financial Group LLC Buys 3,845 Shares of The TJX Companies, Inc. $TJX

Merit Financial Group LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,251 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,845 shares during the quarter. Merit Financial Group LLC’s holdings in TJX Companies were worth $13,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC raised its position in shares of TJX Companies by 15.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 29,837 shares of the apparel and home fashions retailer’s stock worth $4,520,000 after acquiring an additional 4,073 shares in the last quarter. Central Bank & Trust Co. lifted its stake in shares of TJX Companies by 1.0% in the 2nd quarter. Central Bank & Trust Co. now owns 18,669 shares of the apparel and home fashions retailer’s stock valued at $2,828,000 after purchasing an additional 185 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of TJX Companies by 12.0% during the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 31,244 shares of the apparel and home fashions retailer’s stock valued at $4,734,000 after purchasing an additional 3,346 shares in the last quarter. Vaquero Private Wealth Ltd. purchased a new stake in TJX Companies in the second quarter worth $204,000. Finally, Farther Finance Advisors LLC raised its holdings in TJX Companies by 25.4% in the second quarter. Farther Finance Advisors LLC now owns 72,490 shares of the apparel and home fashions retailer’s stock worth $10,982,000 after purchasing an additional 14,671 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $152.00 on Monday. The TJX Companies, Inc. has a one year low of $132.01 and a one year high of $170.00. The company’s 50-day moving average is $157.63 and its 200 day moving average is $156.78. The company has a market capitalization of $167.91 billion, a price-to-earnings 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.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion during 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 business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given 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 1.3%. TJX Companies’s dividend payout ratio is 37.28%.

Insiders Place Their Bets

In other TJX Companies news, CFO John Klinger sold 6,235 shares of TJX Companies 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of the 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 sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research reports. Robert W. Baird boosted 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. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Citigroup reiterated a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Truist Financial set a $190.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, TJX Companies 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.