Perigon Wealth Management LLC Purchases Shares of 18,225 The TJX Companies, Inc. $TJX

Perigon Wealth Management LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 18,225 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,761,000.

Several other institutional investors also recently modified their holdings of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake 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 purchasing an additional 89 shares during the last quarter. Entrust Financial LLC acquired a new position in TJX Companies during the fourth quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in TJX Companies during the fourth quarter worth approximately $26,000. IMG Wealth Management Inc. raised its stake in 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 buying an additional 69 shares during the period. Finally, Joseph Group Capital Management acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies News Roundup

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

• Positive Sentiment: Unusually heavy call-option buying points to bullish positioning ahead of earnings. Traders purchased 37,301 TJX call options, roughly 437% above the typical daily volume of 6,950 contracts. This may be contributing to increased interest in the shares, although options activity is speculative and does not guarantee a positive earnings reaction.
• Positive Sentiment: Analysts expect second-quarter earnings of approximately $1.19 per share, up from $1.10 a year earlier. The company’s latest quarterly report also showed strong momentum, with earnings and revenue exceeding consensus estimates and sales increasing 9.2% year over year.
• Positive Sentiment: Brokerages maintain a consensus “Buy” rating, while recent investor commentary has characterized TJX as an attractive value-oriented retail stock relative to larger retailers. TJX consensus Buy rating
• Positive Sentiment: Marshalls, a TJX banner, launched a fall fashion campaign with Brenda Song. The promotion could support seasonal traffic and brand engagement, although its direct financial impact is uncertain. Marshalls fall fashion campaign
• Neutral Sentiment: Investors are comparing TJX with Dollar General on valuation and earnings prospects, but the articles do not establish a decisive change to TJX’s outlook. DG versus TJX value comparison
• Negative Sentiment: TJX trades at a relatively elevated valuation, with a price-to-earnings ratio near 29, making the stock vulnerable to disappointment if results or forward guidance fall short. Shares also remain below their 50-day and 200-day moving averages, signaling some technical caution.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director directly owned 802 shares of the company’s stock, 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 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TJX shares. 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 research note on Thursday, May 21st. Telsey Advisory Group increased their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $177.94.

TJX Companies Trading Up 0.2%

Shares of NYSE:TJX opened at $151.21 on Wednesday. The TJX Companies, Inc. has a 12-month low of $133.34 and a 12-month high of $170.00. The stock has a market cap of $167.04 billion, a PE ratio of 29.36, a P/E/G ratio of 3.28 and a beta of 0.62. The business has a 50 day moving average of $157.19 and a 200-day moving average of $156.83. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

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 for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared 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 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%.

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.