Primecap Management Co. CA Invests $1.44 Billion in The TJX Companies, Inc. $TJX

Primecap Management Co. CA bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,476,020 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,435,617,000. TJX Companies accounts for approximately 0.8% of Primecap Management Co. CA’s holdings, making the stock its 26th biggest position. Primecap Management Co. CA owned 0.86% of TJX Companies at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TJX. BlackRock Inc. acquired a new position in TJX Companies during the second quarter worth $16,489,926,000. Geode Capital Management LLC boosted its stake in shares of TJX Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after purchasing an additional 673,690 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of TJX Companies by 2.0% in the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock valued at $3,935,630,000 after purchasing an additional 495,989 shares in the last quarter. Capital International Investors grew its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after purchasing an additional 308,408 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TJX Companies in the 4th quarter worth about $2,211,975,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the transaction, the chief executive officer owned 552,850 shares in the company, valued at approximately $87,051,761. This represents a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

TJX Companies stock opened at $139.54 on Wednesday. The stock has a 50-day simple moving average of $154.57 and a 200 day simple moving average of $156.50. The stock has a market capitalization of $154.15 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 2.71 and a beta of 0.62. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $134.74 and a 12-month high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter last year, the company posted $1.10 EPS. The company’s quarterly revenue 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. On average, research analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Gordon Haskett reissued an “accumulate” rating and set a $155.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Telsey Advisory Group upped their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Barclays set a $188.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and cut their target price for the company from $182.00 to $154.00 in a research note on Thursday, August 20th. Finally, BTIG Research reissued a “buy” rating and issued a $190.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.84.

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.