Graham Capital Management L.P. Buys Shares of 65,468 The TJX Companies, Inc. $TJX

Graham Capital Management L.P. bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, Holdings Channel.com reports. The fund bought 65,468 shares of the apparel and home fashions retailer’s stock, valued at approximately $10,057,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its holdings in TJX Companies by 120.3% during 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 acquiring an additional 89 shares during the period. Dogwood Wealth Management LLC raised its holdings in TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares during the period. Entrust Financial LLC bought a new stake in TJX Companies during the 4th quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the 4th quarter valued at $26,000. Finally, GGM Financials LLC bought a new stake in TJX Companies during the 3rd quarter valued at $27,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction 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 directly owned 64,257 shares in the company, valued at $10,330,597.89. The trade was a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,367 shares of company stock valued at $20,959,476 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TJX. BTIG Research boosted their target price on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Weiss Ratings cut shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Citigroup reissued a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Robert W. Baird boosted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus price target of $174.58.

TJX Companies Stock Down 0.7%

TJX opened at $166.20 on Wednesday. The company has a fifty day moving average price of $157.82 and a 200-day moving average price of $156.32. The firm has a market capitalization of $183.60 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 3.63 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $170.00.

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

TJX Companies Announces Dividend

The company 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is 37.28%.

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.