Proficio Capital Partners LLC Acquires New Position in The TJX Companies, Inc. $TJX

Proficio Capital Partners LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, Holdings Channel reports. The firm bought 6,685 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,013,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Coston McIsaac & Partners increased its position in shares of TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 64 shares in the last quarter. Kohmann Bosshard Financial Services LLC grew its stake in TJX Companies by 11.0% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 66 shares during the last quarter. HBW Advisory Services LLC grew its stake in TJX Companies by 5.1% in the 2nd quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock valued at $206,000 after acquiring an additional 66 shares during the last quarter. Hohimer Wealth Management LLC increased its holdings in TJX Companies by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock valued at $859,000 after acquiring an additional 66 shares in the last quarter. Finally, Verde Capital Management raised its position in TJX Companies by 0.7% during the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock worth $1,539,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,818 shares of company stock valued at $16,306,691 over the last quarter. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TJX shares. Telsey Advisory Group upped their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Barclays set a $188.00 target price on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $171.63.

TJX Companies Price Performance

NYSE:TJX opened at $133.26 on Wednesday. The firm has a market cap of $146.58 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $151.62 and its two-hundred day moving average is $155.82. The TJX Companies, Inc. has a 12-month low of $133.04 and a 12-month high of $170.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) 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 analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. 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 company 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. Research analysts expect that The TJX Companies, Inc. will post 5.21 EPS for the current year.

TJX Companies Dividend Announcement

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

TJX Companies 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.