Washington Trust Bank Decreases Stock Position in The TJX Companies, Inc. $TJX

Washington Trust Bank decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.7% during the second quarter, Holdings Channel.com reports. The fund owned 90,390 shares of the apparel and home fashions retailer’s stock after selling 12,023 shares during the period. TJX Companies accounts for approximately 1.0% of Washington Trust Bank’s holdings, making the stock its 27th biggest holding. Washington Trust Bank’s holdings in TJX Companies were worth $13,694,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted 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 worth $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in TJX Companies during the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in TJX Companies during the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. raised its holdings 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 worth $27,000 after buying an additional 69 shares during the last quarter. Finally, Cetera Trust Company N.A purchased a new position in shares of TJX Companies in the second quarter worth $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.7%

Shares of TJX Companies stock opened at $135.16 on Friday. The stock has a market cap of $149.31 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. The firm has a fifty day moving average price of $152.86 and a 200 day moving average price of $156.07. The TJX Companies, Inc. has a 1 year low of $133.55 and a 1 year high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 5.21 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

Insider Buying and Selling

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the sale, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 552,850 shares in the company, valued at $87,051,761. The trade was a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 in the last ninety days. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TJX shares. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $173.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. UBS Group reaffirmed a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $172.84.

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.