HORAN Wealth LLC Sells 35,730 Shares of The TJX Companies, Inc. $TJX

HORAN Wealth LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 50.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 34,928 shares of the apparel and home fashions retailer’s stock after selling 35,730 shares during the quarter. HORAN Wealth LLC’s holdings in TJX Companies were worth $5,292,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System grew its holdings in shares of TJX Companies by 15,228.3% in the second quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer’s stock worth $39,204,692,000 after purchasing an additional 257,088,620 shares during the last quarter. BlackRock Inc. bought a new stake in TJX Companies during the 2nd quarter valued at $16,489,926,000. Bank of America Corp DE purchased a new stake in TJX Companies during the 2nd quarter valued at $3,511,553,000. Norges Bank purchased a new stake in TJX Companies during the 4th quarter valued at $2,211,975,000. Finally, Bank of New York Mellon Corp bought a new stake in TJX Companies in the 2nd quarter worth $1,598,731,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.0%

NYSE:TJX opened at $132.09 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The firm’s 50-day moving average price is $150.02 and its 200-day moving average price is $155.34. The company has a market capitalization of $145.30 billion, a PE ratio of 24.42, a P/E/G ratio of 2.38 and a beta of 0.60. The TJX Companies, Inc. has a 1-year low of $130.15 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period last year, the company posted $1.10 EPS. TJX Companies’s revenue was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, equities analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. TJX Companies’s payout ratio is currently 35.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. UBS Group reissued a “buy” rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Gordon Haskett reaffirmed an “accumulate” rating and issued a $155.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $171.63.

Insider Activity at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was 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 trade represents a 54.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.15% of the company’s stock.

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.