Strategic Planning Group LLC Has $11.63 Million Holdings in The TJX Companies, Inc. $TJX

Strategic Planning Group LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,776 shares of the apparel and home fashions retailer’s stock after buying an additional 4,344 shares during the quarter. Strategic Planning Group LLC’s holdings in TJX Companies were worth $11,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TJX. Northeast Investment Management raised its stake in shares of TJX Companies by 11.0% in the second quarter. Northeast Investment Management now owns 165,229 shares of the apparel and home fashions retailer’s stock valued at $25,032,000 after acquiring an additional 16,384 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in shares of TJX Companies by 2.0% in the 2nd quarter. Richards Merrill & Peterson Inc. now owns 5,092 shares of the apparel and home fashions retailer’s stock worth $771,000 after acquiring an additional 102 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in TJX Companies by 5.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 415,918 shares of the apparel and home fashions retailer’s stock worth $63,012,000 after acquiring an additional 20,785 shares during the last quarter. Coastwise Capital Group LLC bought a new stake in TJX Companies during the 2nd quarter worth approximately $227,000. Finally, Waystone Advisors LLC boosted its stake in TJX Companies by 9.4% in the second quarter. Waystone Advisors LLC now owns 2,062 shares of the apparel and home fashions retailer’s stock worth $312,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction that occurred 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 completion of the sale, the director owned 802 shares in the company, valued at $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John Klinger sold 6,235 shares of the business’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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,367 shares of company stock worth $20,959,476 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Trading Down 1.2%

TJX stock opened at $152.00 on Friday. The company has a market cap of $167.91 billion, a P/E ratio of 29.51, a PEG ratio of 3.28 and a beta of 0.62. The TJX Companies, Inc. has a twelve month low of $132.01 and a twelve month high of $170.00. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $157.63 and a 200-day moving average of $156.73.

TJX Companies (NYSE:TJX) last posted 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 business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. 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 research analysts expect that The TJX Companies, Inc. will post 5.19 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced 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. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TJX shares. Telsey Advisory Group raised their target price on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wells Fargo & Company reiterated an “outperform” rating and set a $160.00 price target (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Barclays reissued an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Citigroup reaffirmed a “buy” rating and issued a $182.00 target price (up from $168.00) 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, eighteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average target price of $177.94.

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.