40,667 Shares in The TJX Companies, Inc. $TJX Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 40,667 shares of the apparel and home fashions retailer’s stock, valued at approximately $6,161,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its stake in shares of 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 valued at $25,000 after buying an additional 89 shares in the last quarter. Entrust Financial LLC bought a new stake in TJX Companies in the fourth quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $26,000. Joseph Group Capital Management acquired a new position in TJX Companies during the fourth quarter worth $27,000. Finally, IMG Wealth Management Inc. raised its stake in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX reported revenue of $15.18 billion and adjusted EPS of $1.22, surpassing consensus estimates of $15.16 billion and $1.19, respectively. Comparable-store sales increased 4%, while adjusted earnings rose 11% year over year. TJX beats Q2 expectations despite self-inflicted apparel slump
• Positive Sentiment: Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations, supporting the company’s longer-term growth outlook. TJX outlines 7,500-store target while raising FY2027 EPS
• Positive Sentiment: Winners, Marshalls and HomeSense are reportedly gaining significant market share in Canada, while HomeGoods and international operations also provided important sources of strength. TJX says Canadian banners are gaining market share
• Neutral Sentiment: Some analysts view the post-earnings sell-off as a buying opportunity, with BTIG reaffirming a Buy rating and a $190 price target; UBS characterized the Marmaxx weakness as potentially isolated. A rare stumble at TJX has Wall Street spooked
• Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls in the United States, delivered a disappointing comparable-sales performance. Management blamed merchandising and apparel-mix mistakes, but analysts also cited tougher off-price competition and consumer resistance to price increases. TJX blames merchandising missteps for rare US miss
• Negative Sentiment: Fiscal third-quarter guidance fell short of expectations, increasing concerns about near-term margin pressure and execution. Citi downgraded TJX to Neutral, while Wells Fargo cut its price target to $140 and assigned an Equal Weight rating. TJX Q2 beat but Marmaxx lags and Q3 guidance falls short

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $140.58 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.54. The business’s fifty day moving average price is $155.63 and its two-hundred day moving average price is $156.64. The TJX Companies, Inc. has a fifty-two week low of $134.74 and a fifty-two week high of $170.00. The stock has a market capitalization of $155.30 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion during 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 firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Insiders Place Their Bets

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction 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 sale, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the transaction, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. The trade was a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock valued at $20,959,476 over the last quarter. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TJX. Evercore reaffirmed an “outperform” rating and set a $173.00 price objective on shares of TJX Companies in a report on Thursday. Telsey Advisory Group boosted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $182.00 to $154.00 in a research report on Thursday. Finally, Gordon Haskett reaffirmed an “accumulate” rating and issued a $155.00 price target on shares of TJX Companies in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three 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 target price of $173.89.

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.