Trust Co. of Vermont Invests $11.78 Million in The TJX Companies, Inc. $TJX

Trust Co. of Vermont purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, Holdings Channel reports. The firm purchased 77,774 shares of the apparel and home fashions retailer’s stock, valued at approximately $11,783,000.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $26,000. IMG Wealth Management Inc. lifted its position in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the last quarter. Finally, Joseph Group Capital Management bought a new position in shares of TJX Companies in the 4th quarter worth about $27,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the sale, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $161,340.63. Following the sale, the director directly owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 over the last ninety days. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TJX shares. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Evercore reissued an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a report on Thursday, May 21st. Truist Financial set a $190.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. upped their target price on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Citigroup reiterated a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $177.94.

Trending Headlines about TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Unusually heavy call-option buying points to bullish positioning ahead of earnings. Traders purchased 37,301 TJX call options, roughly 437% above the typical daily volume of 6,950 contracts. This may be contributing to increased interest in the shares, although options activity is speculative and does not guarantee a positive earnings reaction.
• Positive Sentiment: Analysts expect second-quarter earnings of approximately $1.19 per share, up from $1.10 a year earlier. The company’s latest quarterly report also showed strong momentum, with earnings and revenue exceeding consensus estimates and sales increasing 9.2% year over year.
• Positive Sentiment: Brokerages maintain a consensus “Buy” rating, while recent investor commentary has characterized TJX as an attractive value-oriented retail stock relative to larger retailers. TJX consensus Buy rating
• Positive Sentiment: Marshalls, a TJX banner, launched a fall fashion campaign with Brenda Song. The promotion could support seasonal traffic and brand engagement, although its direct financial impact is uncertain. Marshalls fall fashion campaign
• Neutral Sentiment: Investors are comparing TJX with Dollar General on valuation and earnings prospects, but the articles do not establish a decisive change to TJX’s outlook. DG versus TJX value comparison
• Negative Sentiment: TJX trades at a relatively elevated valuation, with a price-to-earnings ratio near 29, making the stock vulnerable to disappointment if results or forward guidance fall short. Shares also remain below their 50-day and 200-day moving averages, signaling some technical caution.

TJX Companies Stock Performance

Shares of TJX opened at $151.21 on Wednesday. The firm has a fifty day moving average of $157.19 and a 200-day moving average of $156.83. The company has a market cap of $167.04 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62. 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 1 year low of $133.34 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 9.40% and a return on equity of 57.92%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Dividend Announcement

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