RB Capital Management LLC Invests $1.38 Million in The TJX Companies, Inc. $TJX

RB Capital Management LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 9,088 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,377,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. BlackRock Inc. acquired a new position in TJX Companies in the 2nd quarter valued at approximately $16,489,926,000. Geode Capital Management LLC increased its stake in shares of TJX Companies by 2.6% in the fourth 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 buying an additional 673,690 shares during the period. Bank of America Corp DE raised its position in shares of TJX Companies by 2.0% during the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after acquiring an additional 495,989 shares during the last quarter. Capital International Investors raised its position in shares of TJX Companies by 2.0% during the fourth 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 acquiring an additional 308,408 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of TJX Companies in the fourth quarter worth approximately $2,211,975,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.7%

Shares of NYSE TJX opened at $135.16 on Friday. The TJX Companies, Inc. has a 12-month low of $133.55 and a 12-month high of $170.00. 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 firm has a market cap of $149.31 billion, a PE ratio of 24.98, a P/E/G ratio of 2.60 and a beta of 0.62. The company’s fifty day simple moving average is $152.86 and its 200 day simple moving average is $156.07.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The company’s quarterly revenue 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, sell-side analysts forecast that The TJX Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on TJX. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Jefferies Financial Group lowered shares of TJX Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $180.00 to $145.00 in a research note on Wednesday. Telsey Advisory Group increased their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Robert W. Baird upped their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $172.84.

Insider Buying and Selling at TJX Companies

In related 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 sale, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Klinger sold 6,235 shares of TJX Companies 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 transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 130,367 shares of company stock valued at $20,959,476. 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.