The TJX Companies, Inc. $TJX Shares Sold by AGP Franklin LLC

AGP Franklin LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,438 shares of the apparel and home fashions retailer’s stock after selling 8,714 shares during the period. TJX Companies accounts for about 1.2% of AGP Franklin LLC’s investment portfolio, making the stock its 25th largest holding. AGP Franklin LLC’s holdings in TJX Companies were worth $2,465,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. XML Financial LLC lifted its holdings in TJX Companies by 10.8% in the 1st quarter. XML Financial LLC now owns 2,897 shares of the apparel and home fashions retailer’s stock valued at $463,000 after acquiring an additional 283 shares during the last quarter. Clark Asset Management LLC acquired a new stake in TJX Companies during the first quarter valued at approximately $252,000. Capital Advisors Ltd. LLC lifted its stake in TJX Companies by 12,800.0% during the first quarter. Capital Advisors Ltd. LLC now owns 774 shares of the apparel and home fashions retailer’s stock valued at $124,000 after purchasing an additional 768 shares during the last quarter. Waystone Advisors LLC boosted its holdings in TJX Companies by 39.8% during the first quarter. Waystone Advisors LLC now owns 1,885 shares of the apparel and home fashions retailer’s stock worth $301,000 after buying an additional 537 shares in the last quarter. Finally, Smith Salley Wealth Management boosted its holdings in TJX Companies by 1.2% during the first quarter. Smith Salley Wealth Management now owns 281,025 shares of the apparel and home fashions retailer’s stock worth $44,880,000 after buying an additional 3,391 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.3%

TJX Companies stock opened at $164.38 on Tuesday. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $170.00. 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 firm has a market capitalization of $181.59 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 3.55 and a beta of 0.62. The company has a 50 day moving average price of $158.03 and a 200 day moving average price of $156.67.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $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. Research analysts forecast that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.2%. TJX Companies’s payout ratio is currently 37.28%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TJX shares. Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Weiss Ratings cut TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Argus raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. 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 target price of $174.58.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

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.