Mill Capital Management LLC Purchases Shares of 9,550 The TJX Companies, Inc. $TJX

Mill Capital Management LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, HoldingsChannel reports. The firm acquired 9,550 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,447,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $2,211,975,000. Diamant Asset Management Inc. lifted its stake in TJX Companies by 15,998.0% in the first quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock worth $603,663,000 after acquiring an additional 3,756,502 shares during the period. Corient Private Wealth LLC boosted its holdings in TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after acquiring an additional 2,743,676 shares in the last quarter. Amundi boosted its holdings in TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock valued at $1,391,822,000 after acquiring an additional 1,761,281 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in TJX Companies by 57.3% in the fourth quarter. AQR Capital Management LLC now owns 4,814,467 shares of the apparel and home fashions retailer’s stock valued at $739,550,000 after acquiring an additional 1,753,155 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of TJX opened at $152.00 on Monday. The firm has a fifty day simple moving average of $157.63 and a two-hundred day simple moving average of $156.78. The firm has a market cap of $167.91 billion, a PE ratio of 29.51, a P/E/G ratio of 3.28 and a beta of 0.62. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1-year low of $132.01 and a 1-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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. 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. On average, equities analysts anticipate that The TJX Companies, Inc. will post 5.19 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TJX Companies’s dividend payout ratio is currently 37.28%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Erste Group Bank lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating on shares of TJX Companies in a research report on Thursday, August 6th. UBS Group reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Finally, BTIG Research lifted their price objective on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Buy” and an average price target of $177.94.

Insider Transactions at TJX Companies

In other news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the chief executive officer owned 552,850 shares in the company, valued at $87,051,761. This trade represents a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 130,367 shares of company stock valued at $20,959,476. Company insiders own 0.15% of the company’s stock.

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.