Robbins Farley Reduces Stock Position in The TJX Companies, Inc. $TJX

Robbins Farley lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 43,665 shares of the apparel and home fashions retailer’s stock after selling 3,919 shares during the period. TJX Companies makes up approximately 2.5% of Robbins Farley’s holdings, making the stock its 10th largest position. Robbins Farley’s holdings in TJX Companies were worth $6,615,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 89 shares during the period. Entrust Financial LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth $26,000. IMG Wealth Management Inc. grew its stake in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new position in TJX Companies during the second quarter worth $27,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Gordon Haskett reiterated an “accumulate” rating and set a $155.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Guggenheim set a $152.00 price objective on shares of TJX Companies in a report on Monday. Jefferies Financial Group lowered shares of TJX Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $180.00 to $145.00 in a research report on Wednesday, August 26th. Robert W. Baird increased their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Erste Group Bank downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.63.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of TJX Companies stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the transaction, the chief executive officer directly owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 $10,330,597.89. This represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 72,818 shares of company stock valued at $11,873,731. 0.15% of the stock is currently owned by insiders.

TJX Companies Stock Down 1.4%

Shares of TJX opened at $131.44 on Thursday. The stock has a market cap of $144.58 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 2.41 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12 month low of $131.18 and a 12 month high of $170.00. The company has a 50-day moving average price of $150.94 and a two-hundred day moving average price of $155.66.

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 for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the company posted $1.10 EPS. The company’s revenue 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 predict that The TJX Companies, Inc. will post 5.21 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is 35.49%.

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.