Laraway Financial Advisors Inc Takes $1.10 Million Position in The TJX Companies, Inc. $TJX

Laraway Financial Advisors Inc acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,275 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,102,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings 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 purchasing an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new position in TJX Companies during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in TJX Companies during the fourth quarter worth approximately $26,000. IMG Wealth Management Inc. increased its position in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the period. Finally, Joseph Group Capital Management purchased a new stake in TJX Companies in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following 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. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. 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 quarter. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Erste Group Bank downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Morgan Stanley reiterated an “overweight” rating on shares of TJX Companies in a research report on Thursday, August 6th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $177.94.

TJX Companies Trading Down 0.1%

Shares of TJX stock opened at $152.00 on Monday. The business’s fifty day moving average price is $157.63 and its 200 day moving average price is $156.78. The TJX Companies, Inc. has a 1-year low of $132.01 and a 1-year high of $170.00. The firm 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. 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 announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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 forecast that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

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.