Alesco Advisors LLC An ESL Co Buys Shares of 5,994 The TJX Companies, Inc. $TJX

Alesco Advisors LLC An ESL Co purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,994 shares of the apparel and home fashions retailer’s stock, valued at approximately $957,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth approximately $26,000. Joseph Group Capital Management purchased a new stake in TJX Companies in the fourth quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. increased its position in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% 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, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,367 shares of company stock worth $20,959,476 in the last 90 days. 0.15% of the stock is currently owned by insiders.

TJX Companies Stock Down 0.4%

TJX stock opened at $155.00 on Wednesday. The firm has a market cap of $171.23 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 3.37 and a beta of 0.63. The TJX Companies, Inc. has a 1-year low of $123.78 and a 1-year high of $170.00. The firm has a fifty day moving average price of $156.77 and a two-hundred day moving average price of $156.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The company 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 quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Research analysts predict that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s payout ratio is currently 37.28%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TJX. Evercore reaffirmed an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Weiss Ratings raised shares of TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, July 6th. Wells Fargo & Company restated 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. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. increased 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. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $176.89.

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.