HB Wealth Management LLC Purchases 6,320 Shares of The TJX Companies, Inc. $TJX

HB Wealth Management LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 9.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,218 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,320 shares during the quarter. HB Wealth Management LLC’s holdings in TJX Companies were worth $11,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in TJX Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock valued at $15,780,919,000 after purchasing an additional 771,882 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TJX Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock worth $4,134,174,000 after buying an additional 673,690 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after buying an additional 495,989 shares during the last quarter. Capital International Investors increased its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after buying an additional 308,408 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $2,211,975,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TJX shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Evercore reissued an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. UBS Group restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. Telsey Advisory Group raised their price objective on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Three research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $174.58.

Insiders Place Their Bets

In related news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. The trade was a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were 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 $135,209.18. This trade represents a 54.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $154.05 on Friday. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $170.00. 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 firm has a 50-day moving average price of $157.34 and a 200-day moving average price of $156.80. The firm 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.

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, 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 company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the prior year, the firm posted $0.92 EPS. The firm’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. As a group, equities 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 announced 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 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is currently 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.