Cypress Capital Group Has $14.42 Million Position in The TJX Companies, Inc. $TJX

Cypress Capital Group lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,272 shares of the apparel and home fashions retailer’s stock after selling 4,781 shares during the period. TJX Companies makes up about 1.6% of Cypress Capital Group’s investment portfolio, making the stock its 17th biggest holding. Cypress Capital Group’s holdings in TJX Companies were worth $14,416,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in shares of TJX Companies by 120.3% in 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 buying an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in TJX Companies during the 4th quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new stake in TJX Companies during the 4th quarter worth $26,000. IMG Wealth Management Inc. lifted its holdings 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 worth $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Joseph Group Capital Management bought a new position in TJX Companies during the fourth quarter worth about $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction that occurred on 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 $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TJX shares. Evercore restated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Truist Financial set a $190.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. Telsey Advisory Group increased their target price on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $176.89.

TJX Companies Price Performance

Shares of NYSE TJX opened at $154.15 on Friday. The company has a fifty day moving average price of $157.19 and a 200 day moving average price of $156.53. The firm has a market cap of $170.29 billion, a PE ratio of 29.93, a PEG ratio of 3.34 and a beta of 0.63. 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 $123.78 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, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business 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. Research analysts predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. 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 dividend payout ratio (DPR) is presently 37.28%.

TJX Companies Company 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.