UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in The TJX Companies, Inc. $TJX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,560,007 shares of the apparel and home fashions retailer’s stock after purchasing an additional 883,294 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.14% of TJX Companies worth $1,902,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in TJX Companies during the 2nd quarter worth $16,489,926,000. Bank of America Corp DE purchased a new stake in shares of TJX Companies in the second quarter valued at about $3,511,553,000. Norges Bank purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $2,211,975,000. Bank of New York Mellon Corp acquired a new position in shares of TJX Companies during the second quarter worth about $1,598,731,000. Finally, Primecap Management Co. CA acquired a new position in shares of TJX Companies during the second quarter worth about $1,435,617,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the transaction, the chief executive officer directly owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on 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 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.7%

Shares of NYSE TJX opened at $135.16 on Friday. The stock has a market capitalization of $149.31 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. The TJX Companies, Inc. has a 52 week low of $133.55 and a 52 week high of $170.00. The firm has a 50-day moving average price of $152.86 and a 200 day moving average price of $156.07. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.21 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio is currently 35.49%.

Analyst Ratings Changes

A number of equities research analysts recently commented on TJX shares. Wells Fargo & Company reduced their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, August 20th. 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. Truist Financial set a $190.00 price target on TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $182.00 to $154.00 in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.84.

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.