Kimelman & Baird LLC Takes Position in The TJX Companies, Inc. $TJX

Kimelman & Baird LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 326,989 shares of the apparel and home fashions retailer’s stock, valued at approximately $49,539,000. TJX Companies accounts for about 2.7% of Kimelman & Baird LLC’s investment portfolio, making the stock its 10th biggest position.

Other large investors also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in shares of TJX Companies by 120.3% during 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 purchased a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Imprint Wealth LLC bought a new stake in TJX Companies during the third quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. lifted its position in TJX Companies by 65.7% during 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 purchasing an additional 69 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.7%

TJX stock opened at $135.16 on Friday. The company has a market capitalization of $149.31 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $133.55 and a one year high of $170.00. The company’s 50 day moving average price is $152.86 and its two-hundred day moving average price is $156.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. 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, analysts predict that The TJX Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 35.49%.

Insider Buying and Selling at TJX Companies

In other news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of research analyst reports. Jefferies Financial Group lowered shares of TJX Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $180.00 to $145.00 in a report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a research report on Tuesday. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised their price target on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Robert W. Baird lifted their price target on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $172.84.

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.