Bleakley Financial Group LLC Buys 4,434 Shares of The TJX Companies, Inc. $TJX

Bleakley Financial Group LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,792 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,434 shares during the period. Bleakley Financial Group LLC’s holdings in TJX Companies were worth $5,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd grew its position in shares of TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after purchasing an additional 32,407 shares in the last quarter. Family Capital Trust Co raised its position in shares of TJX Companies by 1,080.0% in the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after buying an additional 12,377 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in shares of TJX Companies by 78.3% in the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after buying an additional 2,989 shares during the period. Nordea Investment Management AB boosted its stake in shares of TJX Companies by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock valued at $1,155,830,000 after buying an additional 420,232 shares during the period. Finally, Bluedoor Private Wealth LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $2,559,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Wells Fargo & Company reissued an “outperform” rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. BTIG Research raised their price target on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus target price of $176.89.

Insider Activity at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the company’s 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 transaction, the director directly owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by company insiders.

TJX Companies Trading Down 0.1%

Shares of TJX opened at $150.31 on Wednesday. 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 TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00. The firm has a market cap of $166.05 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 3.26 and a beta of 0.63. The business’s fifty day moving average is $156.60 and its 200-day moving average is $156.60.

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 for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion during 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%.TJX Companies’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $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. Equities analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio is 37.28%.

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.