Mill Capital Management LLC Buys Shares of 9,550 The TJX Companies, Inc. $TJX

Mill Capital Management LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,550 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,447,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Laraway Financial Advisors Inc bought a new position in shares of TJX Companies in the second quarter valued at approximately $1,102,000. Hardy Reed LLC purchased a new position in TJX Companies during the second quarter valued at approximately $1,303,000. Dockside LLC bought a new stake in TJX Companies during the 2nd quarter worth approximately $1,192,000. Larry Mathis Financial Planning LLC increased its holdings in TJX Companies by 29.9% during the 2nd quarter. Larry Mathis Financial Planning LLC now owns 3,815 shares of the apparel and home fashions retailer’s stock worth $578,000 after acquiring an additional 877 shares during the period. Finally, Merit Financial Group LLC increased its holdings in TJX Companies by 4.3% during the 2nd quarter. Merit Financial Group LLC now owns 92,251 shares of the apparel and home fashions retailer’s stock worth $13,976,000 after acquiring an additional 3,845 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Evercore reaffirmed an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Telsey Advisory Group increased their price objective on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Truist Financial set a $190.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, UBS Group reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $177.94.

TJX Companies Trading Down 0.1%

Shares of TJX stock opened at $152.00 on Monday. The business has a 50-day moving average of $157.63 and a 200 day moving average of $156.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The TJX Companies, Inc. has a 1-year low of $132.01 and a 1-year high of $170.00. The stock has a market capitalization of $167.91 billion, a PE ratio of 29.51, a P/E/G ratio of 3.28 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is presently 37.28%.

Insider Activity

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the sale, the chief executive officer directly owned 552,850 shares in the company, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock valued at $20,959,476 in 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.