VIRGINIA RETIREMENT SYSTEMS ET Al Invests $49.68 Million in The TJX Companies, Inc. $TJX

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 327,900 shares of the apparel and home fashions retailer’s stock, valued at approximately $49,677,000.

Other large investors also recently bought and sold shares of the company. Coston McIsaac & Partners lifted its stake in TJX Companies by 11.3% in the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock worth $100,000 after purchasing an additional 64 shares in the last quarter. Kohmann Bosshard Financial Services LLC grew its position in shares of TJX Companies by 11.0% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock valued at $106,000 after purchasing an additional 66 shares in the last quarter. HBW Advisory Services LLC increased its holdings in shares of TJX Companies by 5.1% in the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock valued at $206,000 after purchasing an additional 66 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in TJX Companies by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock worth $859,000 after buying an additional 66 shares in the last quarter. Finally, Verde Capital Management lifted its position in TJX Companies by 0.7% during the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock worth $1,539,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction dated 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 transaction, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% 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 Trading Up 0.0%

Shares of TJX Companies stock opened at $132.09 on Monday. The stock has a 50 day moving average of $150.02 and a 200 day moving average of $155.34. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The firm has a market capitalization of $145.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60. The TJX Companies, Inc. has a fifty-two week low of $130.15 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on TJX. UBS Group restated a “buy” rating and issued a $198.00 target price (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Robert W. Baird lifted their price target on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Telsey Advisory Group boosted their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Guggenheim set a $152.00 price objective on shares of TJX Companies in a research report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $171.63.

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.