Berger Financial Group Inc Has $7.06 Million Position in The TJX Companies, Inc. $TJX

Berger Financial Group Inc lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,196 shares of the apparel and home fashions retailer’s stock after selling 3,947 shares during the period. Berger Financial Group Inc’s holdings in TJX Companies were worth $7,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GM Advisory Group LLC grew its stake in TJX Companies by 6.3% in the 1st quarter. GM Advisory Group LLC now owns 7,072 shares of the apparel and home fashions retailer’s stock valued at $1,129,000 after buying an additional 421 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its holdings in TJX Companies by 11.6% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 1,787 shares of the apparel and home fashions retailer’s stock valued at $285,000 after acquiring an additional 186 shares during the period. Howe & Rusling Inc. lifted its position in TJX Companies by 0.9% during the first quarter. Howe & Rusling Inc. now owns 136,496 shares of the apparel and home fashions retailer’s stock worth $21,798,000 after acquiring an additional 1,187 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in TJX Companies by 4.6% during the first quarter. Koshinski Asset Management Inc. now owns 9,461 shares of the apparel and home fashions retailer’s stock worth $1,511,000 after acquiring an additional 417 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of TJX Companies by 8.2% during the first quarter. V Square Quantitative Management LLC now owns 19,461 shares of the apparel and home fashions retailer’s stock worth $3,108,000 after acquiring an additional 1,473 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.1%

NYSE TJX opened at $154.05 on Friday. 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 1-year low of $119.84 and a 1-year high of $170.00. The company has a 50 day moving average of $157.34 and a 200-day moving average of $156.80. The company has a market cap of $170.18 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.34 and a beta of 0.63.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter last year, the business earned $0.92 earnings per share. TJX Companies’s 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. On average, equities research analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Insider Activity at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director directly owned 802 shares in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, 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.

Analysts Set New Price Targets

Several research firms have recently commented on TJX. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Citigroup reaffirmed a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Wells Fargo & Company reiterated an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Robert W. Baird lifted their target price on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $174.58.

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.