Nicholas Investment Partners LP Invests $5.90 Million in The TJX Companies, Inc. $TJX

Nicholas Investment Partners LP acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, Holdings Channel.com reports. The fund acquired 38,947 shares of the apparel and home fashions retailer’s stock, valued at approximately $5,900,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in TJX Companies by 120.3% during 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. Entrust Financial LLC purchased a new stake in TJX Companies during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies during the fourth quarter worth about $26,000. IMG Wealth Management Inc. lifted its position in shares of TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A acquired a new stake in shares of TJX Companies during the second quarter worth about $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TJX. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Robert W. Baird increased their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. BTIG Research reissued a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 target price on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday. Finally, Wells Fargo & Company reduced their price target on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $173.89.

TJX Companies Trading Up 0.2%

Shares of NYSE:TJX opened at $140.78 on Tuesday. The TJX Companies, Inc. has a 52 week low of $134.74 and a 52 week high of $170.00. The company’s 50 day moving average is $155.10 and its two-hundred day moving average is $156.60. The company has a market cap of $155.51 billion, a PE ratio of 26.02, a P/E/G ratio of 2.71 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Equities analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal 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 issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is 35.49%.

Insiders Place Their Bets

In related news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by insiders.

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.