Gateway Wealth Partners LLC Purchases Shares of 5,269 The TJX Companies, Inc. $TJX

Gateway Wealth Partners LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 5,269 shares of the apparel and home fashions retailer’s stock, valued at approximately $842,000.

Several other institutional investors also recently modified their holdings of the company. Coston McIsaac & Partners raised its stake 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 purchasing an additional 64 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in TJX Companies by 1.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock worth $651,000 after buying an additional 66 shares in the last quarter. Kohmann Bosshard Financial Services LLC increased its holdings 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 buying an additional 66 shares during the period. Hohimer Wealth Management LLC increased its holdings in TJX Companies by 1.2% in 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 buying an additional 66 shares during the period. Finally, Tempus Wealth Planning LLC raised its stake in shares of TJX Companies by 0.5% in the 4th quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TJX. Telsey Advisory Group raised their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Citigroup reaffirmed a “buy” rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus target price of $176.89.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 29,549 shares of the 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. This represents a 5.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s 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 sale, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock valued at $20,959,476 over the last quarter. 0.15% of the stock is owned by insiders.

TJX Companies Stock Up 0.5%

TJX opened at $161.62 on Thursday. The firm has a market cap of $178.54 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 3.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The firm’s 50-day simple moving average is $157.56 and its 200-day simple moving average is $156.64. The TJX Companies, Inc. has a twelve month low of $123.78 and a twelve month high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.2%. 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.