Strategic Advisors LLC Acquires 5,769 Shares of The TJX Companies, Inc. $TJX

Strategic Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 301.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,684 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,769 shares during the period. Strategic Advisors LLC’s holdings in TJX Companies were worth $1,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of TJX Companies in the 2nd quarter valued at approximately $16,489,926,000. Bank of America Corp DE purchased a new stake in TJX Companies in the second quarter worth about $3,511,553,000. Norges Bank bought a new position in TJX Companies during the 4th quarter valued at approximately $2,211,975,000. Bank of New York Mellon Corp bought a new position in shares of TJX Companies during the second quarter valued at $1,598,731,000. Finally, Primecap Management Co. CA purchased a new position in TJX Companies in the second quarter worth about $1,435,617,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.0%

Shares of TJX opened at $135.16 on Monday. The firm has a market cap of $149.31 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The TJX Companies, Inc. has a 1 year low of $133.55 and a 1 year high of $170.00. The company has a 50 day simple moving average of $152.86 and a two-hundred day simple moving average of $156.07.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. 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. On average, equities analysts expect that The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is 35.49%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent analyst reports. Telsey Advisory Group boosted their price target on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. UBS Group restated a “buy” rating and issued a $198.00 price objective (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. 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 reaffirmed a “buy” rating and set a $190.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Finally, Evercore reiterated an “outperform” rating and issued a $173.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $172.84.

Insider Transactions at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 10,002 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the sale, the chief executive officer directly owned 514,848 shares in the company, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 over the last three months. Corporate insiders own 0.15% of the company’s stock.

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.