5,906 Shares in The TJX Companies, Inc. $TJX Purchased by IRON Financial LLC

IRON Financial LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,906 shares of the apparel and home fashions retailer’s stock, valued at approximately $943,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Investments LLC raised its position in shares of TJX Companies by 1.3% in the first quarter. PFG Investments LLC now owns 21,174 shares of the apparel and home fashions retailer’s stock valued at $3,381,000 after buying an additional 271 shares during the last quarter. Kelman Lazarov Inc. acquired a new position in TJX Companies during the first quarter worth about $218,000. Baer Investment Advisory LLC purchased a new stake in TJX Companies during the 1st quarter valued at about $970,000. Turtle Creek Wealth Advisors LLC grew its stake in TJX Companies by 7.4% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 87,505 shares of the apparel and home fashions retailer’s stock valued at $13,975,000 after acquiring an additional 6,063 shares in the last quarter. Finally, Optas LLC raised its holdings in TJX Companies by 15.7% in the 1st quarter. Optas LLC now owns 7,683 shares of the apparel and home fashions retailer’s stock valued at $1,227,000 after acquiring an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. The trade was a 8.84% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by company insiders.

TJX Companies Stock Down 0.1%

TJX Companies stock opened at $154.05 on Friday. The company has a market capitalization of $170.18 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 3.34 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $170.00. The firm has a 50 day moving average price of $157.34 and a 200 day moving average price of $156.80.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the business posted $0.92 earnings per share. The company’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. Research analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date 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 37.28%.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. Barclays restated an “overweight” rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Robert W. Baird lifted their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Finally, Citigroup reissued a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average price target of $174.58.

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.