Summit Asset Management LLC Buys Shares of 14,229 The TJX Companies, Inc. $TJX

Summit Asset Management LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,229 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,156,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new stake in TJX Companies during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth about $26,000. Joseph Group Capital Management acquired a new stake in shares of TJX Companies during the fourth quarter worth about $27,000. Finally, IMG Wealth Management Inc. boosted its stake in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TJX shares. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Morgan Stanley reiterated an “overweight” rating on shares of TJX Companies in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Citigroup reaffirmed a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $177.94.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,367 shares of company stock worth $20,959,476 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Key TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: An investment analysis argues that TJX may offer better value than larger retailers such as Walmart and Costco, highlighting its off-price model, growth prospects and relative investment appeal. This Retail Stock May Be an Even Better Buy Than Walmart and Costco Right Now
• Positive Sentiment: Another analysis estimates TJX could be approximately 14% undervalued as its growth narrative remains intact. Analysts are projecting quarterly earnings of about $1.18 per share and revenue of roughly $15.14 billion, making the upcoming report an important test of operating momentum. TJX Companies Could Be 14% Undervalued As Growth Narrative Holds
• Positive Sentiment: TJX is also featured among retail and wholesale stocks that may benefit from potential earnings surprises, supporting the view that expectations could be favorable ahead of results. Why Investors Need to Take Advantage of These 2 Retail and Wholesale Stocks Now
• Neutral Sentiment: TJX is one of several major retailers on investors’ earnings watchlists this week, alongside Walmart, Target, Home Depot and Lowe’s. The broader retail results and management outlooks could influence sentiment across the sector. Walmart, Target, Home Depot, Fed Minutes, and More to Watch This Week
• Neutral Sentiment: A recently declared dividend provides continued shareholder support, but the announcement comes just before quarterly results, leaving investors focused primarily on earnings and guidance. TJX Companies Stock in Focus as Dividend Declaration Meets an Approaching Quarterly Report
• Negative Sentiment: Markets are approaching a volatile retail earnings period, with mixed stock futures and Federal Reserve minutes also due. That uncertainty may be encouraging some profit-taking in TJX before results, particularly given its relatively high valuation and elevated expectations. Walmart Could Swing $42.1 Billion In Value After Earnings

TJX Companies Stock Performance

Shares of TJX stock opened at $151.25 on Tuesday. The stock’s 50-day moving average is $157.45 and its two-hundred day moving average is $156.80. The firm has a market cap of $167.09 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 3.28 and a beta of 0.62. The TJX Companies, Inc. has a 1 year low of $132.63 and a 1 year 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.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business’s quarterly 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. Analysts predict that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Dividend Announcement

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