Kathmere Capital Management LLC Increases Holdings in The TJX Companies, Inc. $TJX

Kathmere Capital Management LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 70.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,407 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,888 shares during the quarter. Kathmere Capital Management LLC’s holdings in TJX Companies were worth $1,502,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TJX. Brighton Jones LLC grew its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after buying an additional 955 shares in the last quarter. United Bank lifted its holdings in shares of TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after buying an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. bought a new position in shares of TJX Companies in the second quarter valued at approximately $244,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.1%

Shares of NYSE TJX opened at $154.05 on Monday. 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 business has a 50-day moving average of $157.34 and a 200-day moving average of $156.80. The firm has a market capitalization of $170.18 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.34 and a beta of 0.63. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share 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 the consensus estimate of $14.02 billion. During the same period last year, the firm posted $0.92 earnings per share. TJX Companies’s quarterly revenue 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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TJX. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Telsey Advisory Group increased their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. BTIG Research raised their price target on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wells Fargo & Company restated 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. Finally, JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $174.58.

Insider Activity at TJX Companies

In other news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction on 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 directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the transaction, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company’s stock.

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.