The TJX Companies, Inc. $TJX Position Trimmed by Brookstone Capital Management

Brookstone Capital Management decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 33.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,932 shares of the apparel and home fashions retailer’s stock after selling 6,542 shares during the period. Brookstone Capital Management’s holdings in TJX Companies were worth $2,065,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in TJX Companies by 120.3% during the fourth 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 purchasing an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. boosted its stake in shares of TJX Companies by 65.7% during 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 buying an additional 69 shares during the period. Finally, Joseph Group Capital Management acquired a new stake in shares of TJX Companies during the 4th quarter valued at $27,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Evercore reissued an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research report on Thursday, May 21st. Argus upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Telsey Advisory Group lifted their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has an average rating of “Buy” and an average price target of $174.58.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction that occurred on 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 transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock worth $20,959,476 over the last ninety days. Company insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $165.35 on Thursday. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $170.00. The stock’s 50-day moving average is $158.22 and its two-hundred day moving average is $156.88. The firm has a market cap of $182.66 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 3.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. 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. On average, analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio is presently 37.28%.

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.