Burney Co. Reduces Position in The TJX Companies, Inc. $TJX

Burney Co. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 163,944 shares of the apparel and home fashions retailer’s stock after selling 17,272 shares during the period. TJX Companies comprises about 0.8% of Burney Co.’s portfolio, making the stock its 15th largest holding. Burney Co.’s holdings in TJX Companies were worth $26,182,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TJX. Swedbank AB boosted its holdings in shares of TJX Companies by 0.6% during the 1st quarter. Swedbank AB now owns 1,125,242 shares of the apparel and home fashions retailer’s stock valued at $179,701,000 after acquiring an additional 6,290 shares during the last quarter. Kiley Juergens Wealth Management LLC purchased a new position in shares of TJX Companies during the first quarter valued at approximately $488,000. Schear Investment Advisers LLC lifted its position in TJX Companies by 1.0% during the first quarter. Schear Investment Advisers LLC now owns 16,129 shares of the apparel and home fashions retailer’s stock valued at $2,576,000 after purchasing an additional 159 shares during the period. Collaborative Fund Advisors LLC bought a new position in TJX Companies during the first quarter valued at approximately $994,000. Finally, Nvest Financial LLC boosted its holdings in TJX Companies by 4.3% in the first quarter. Nvest Financial LLC now owns 40,930 shares of the apparel and home fashions retailer’s stock worth $6,537,000 after purchasing an additional 1,687 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction, the chief financial officer directly owned 64,257 shares in the company, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. 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 report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. BTIG Research lifted their price objective on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a 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 report on Thursday, May 21st. Finally, Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $174.58.

TJX Companies Stock Down 1.9%

Shares of TJX stock opened at $151.32 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $170.00. The stock has a market cap of $167.16 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.34 and a beta of 0.63. The company has a 50 day simple moving average of $157.34 and a two-hundred day simple moving average of $156.80.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping 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 business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter last year, the company posted $0.92 EPS. The company’s revenue 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. On average, research analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

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