Robbins Farley Sells 3,919 Shares of The TJX Companies, Inc. $TJX

Robbins Farley cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,665 shares of the apparel and home fashions retailer’s stock after selling 3,919 shares during the period. TJX Companies comprises approximately 2.5% of Robbins Farley’s holdings, making the stock its 10th largest holding. Robbins Farley’s holdings in TJX Companies were worth $6,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in TJX Companies by 120.3% in the fourth 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 stake in shares of TJX Companies in the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies in the fourth quarter valued at about $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 valued at $27,000 after buying an additional 69 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new position in TJX Companies during the 2nd quarter worth about $27,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on TJX shares. BTIG Research reissued a “buy” rating and set a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. 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 lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Gordon Haskett reissued an “accumulate” rating and set a $155.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Wells Fargo & Company lowered their price target on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.63.

TJX Companies Price Performance

TJX Companies stock opened at $131.44 on Thursday. The business’s 50-day simple moving average is $150.94 and its 200 day simple moving average is $155.66. The stock has a market cap of $144.58 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 2.41 and a beta of 0.60. The TJX Companies, Inc. has a 12-month low of $131.18 and a 12-month high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. 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. As a group, research analysts anticipate that The TJX Companies, Inc. will post 5.21 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. Stockholders 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 annualized dividend and a dividend yield of 1.5%. TJX Companies’s payout ratio is currently 35.49%.

Insider Buying and Selling at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 72,818 shares of company stock valued at $11,873,731. 0.15% of the stock is currently owned by corporate insiders.

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.