The TJX Companies, Inc. $TJX Stake Increased by Capital International Investors

Capital International Investors grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,986,573 shares of the apparel and home fashions retailer’s stock after purchasing an additional 308,408 shares during the period. Capital International Investors’ holdings in TJX Companies were worth $2,455,911,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Capital Group Private Client Services Inc. lifted its holdings in shares of TJX Companies by 7.1% in the fourth quarter. Capital Group Private Client Services Inc. now owns 61,050 shares of the apparel and home fashions retailer’s stock valued at $9,378,000 after purchasing an additional 4,072 shares in the last quarter. Tradition Wealth Management LLC lifted its holdings in shares of TJX Companies by 3.5% in the fourth quarter. Tradition Wealth Management LLC now owns 3,859 shares of the apparel and home fashions retailer’s stock valued at $593,000 after purchasing an additional 131 shares in the last quarter. XML Financial LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $402,000. Nemes Rush Group LLC lifted its holdings in shares of TJX Companies by 0.5% in the fourth quarter. Nemes Rush Group LLC now owns 42,758 shares of the apparel and home fashions retailer’s stock valued at $6,568,000 after purchasing an additional 229 shares in the last quarter. Finally, Havemeyer Place LP purchased a new stake in shares of TJX Companies in the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TJX. Barclays restated an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Argus raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. UBS Group reaffirmed a “neutral” rating and issued a $197.00 price target (up from $193.00) on shares of TJX Companies in a research note on Thursday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Buy” and an average target price of $174.58.

More TJX Companies News

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

• Positive Sentiment: TJX posted strong fiscal Q1 results, including 6% comparable sales growth and 29% EPS growth, and raised guidance, supporting the stock’s recent strength.
• Positive Sentiment: Analysts remain constructive on The TJX Companies, Inc., with a consensus “Buy” view and continued praise for its growth and defensive retail appeal.
• Positive Sentiment: UBS singled out TJX as a preferred consumer stock, citing its ability to grow, deliver strong returns, and exceed expectations.
• Neutral Sentiment: Recent stock gains have pushed TJX near its 52-week high, which may attract both momentum buyers and some profit-taking.
• Negative Sentiment: CEO Ernie Herrman and CFO John Klinger sold shares this week, which may weigh on sentiment even though the transactions were disclosed as routine filings.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the sale, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 64,257 shares in the company, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 73,786 shares of company stock worth $11,695,268 over the last three months. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.3%

TJX Companies stock opened at $160.69 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The company has a market capitalization of $177.51 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 3.49 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The company’s fifty day moving average price is $156.84 and its two-hundred day moving average price is $155.43.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business 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. On average, analysts forecast that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is currently 37.28%.

About TJX Companies

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.