Raiffeisen Bank International AG Purchases 7,682 Shares of The TJX Companies, Inc. $TJX

Raiffeisen Bank International AG boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,803 shares of the apparel and home fashions retailer’s stock after purchasing an additional 7,682 shares during the period. Raiffeisen Bank International AG’s holdings in TJX Companies were worth $23,260,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in shares of 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 valued at $25,000 after buying an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. grew its holdings in TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new stake in TJX Companies during the 2nd quarter worth approximately $27,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

TJX opened at $132.21 on Friday. The TJX Companies, Inc. has a 1 year low of $130.15 and a 1 year high of $170.00. 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 company has a market capitalization of $145.43 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.37 and a beta of 0.60. The firm’s fifty day moving average price is $150.48 and its two-hundred day moving average price is $155.50.

TJX Companies (NYSE:TJX) last released its quarterly 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 business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the company earned $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. As a group, analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TJX shares. BTIG Research reaffirmed a “buy” rating and set a $190.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Morgan Stanley set a $178.00 target price on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Jefferies Financial Group cut TJX Companies from a “buy” rating to a “hold” rating and decreased their price target for the company from $180.00 to $145.00 in a research note on Wednesday, August 26th. Finally, Robert W. Baird raised their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $171.63.

Insider Buying and Selling

In related news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the sale, the chairman owned 201,496 shares of the company’s stock, valued at $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. Company insiders own 0.15% of the company’s stock.

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.