Patriot Financial Group Insurance Agency LLC Has $633,000 Stock Holdings in The TJX Companies, Inc. $TJX

Patriot Financial Group Insurance Agency LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 49.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,180 shares of the apparel and home fashions retailer’s stock after selling 4,044 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in TJX Companies were worth $633,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its holdings in 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 acquiring an additional 89 shares during the period. Entrust Financial LLC bought a new stake in shares of TJX Companies during the fourth quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. grew its position in shares of TJX Companies by 65.7% in 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. Finally, Joseph Group Capital Management bought a new position in shares of TJX Companies during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on TJX shares. Evercore reissued an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research report on Tuesday, June 9th. BTIG Research lifted their target price on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating 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 research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $177.94.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 over the last 90 days. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $152.00 on Friday. The company has a market cap of $167.91 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 3.32 and a beta of 0.62. The TJX Companies, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $170.00. 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 stock has a fifty day moving average price of $157.63 and a 200-day moving average price of $156.73.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same period last year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. 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. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 5.19 EPS 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. 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 annualized dividend and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio (DPR) is presently 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.