Proficio Capital Partners LLC Takes Position in The TJX Companies, Inc. $TJX

Proficio Capital Partners LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,685 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,013,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of TJX Companies in the 2nd quarter valued at about $16,489,926,000. Geode Capital Management LLC grew its stake in TJX Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock worth $4,134,174,000 after buying an additional 673,690 shares during the last quarter. Bank of America Corp DE increased its position in TJX Companies by 2.0% during the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after buying an additional 495,989 shares during the period. Capital International Investors increased its position in TJX Companies by 2.0% during the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after buying an additional 308,408 shares during the period. Finally, Norges Bank purchased a new stake in TJX Companies in the fourth quarter valued at approximately $2,211,975,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.5%

Shares of TJX stock opened at $133.26 on Wednesday. The business’s 50 day moving average is $151.62 and its two-hundred day moving average is $155.82. The TJX Companies, Inc. has a twelve month low of $133.04 and a twelve month high of $170.00. The company has a market capitalization of $146.58 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.60. 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 earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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 forecast that The TJX Companies, Inc. will post 5.21 EPS for the current year.

TJX Companies Dividend Announcement

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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is currently 35.49%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 28,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $158.32, for a total transaction of $4,432,960.00. Following the completion of the transaction, the chief executive officer owned 524,850 shares in the company, valued at approximately $83,094,252. This represents a 5.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,818 shares of company stock worth $16,306,691 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TJX. Truist Financial set a $190.00 price objective on TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research report on Tuesday, August 25th. BTIG Research reiterated a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Barclays set a $188.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $171.63.

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.