Commerzbank Aktiengesellschaft FI bought a new stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,866 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,555,000.
Other institutional investors have also made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in shares of TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in TJX Companies during the fourth quarter worth $26,000. Joseph Group Capital Management purchased a new position in shares of TJX Companies during the fourth quarter worth $27,000. Finally, IMG Wealth Management Inc. boosted its position in shares of TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.
More TJX Companies News
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: Unusually heavy call-option buying points to bullish positioning ahead of earnings. Traders purchased 37,301 TJX call options, roughly 437% above the typical daily volume of 6,950 contracts. This may be contributing to increased interest in the shares, although options activity is speculative and does not guarantee a positive earnings reaction.
- Positive Sentiment: Analysts expect second-quarter earnings of approximately $1.19 per share, up from $1.10 a year earlier. The company’s latest quarterly report also showed strong momentum, with earnings and revenue exceeding consensus estimates and sales increasing 9.2% year over year.
- Positive Sentiment: Brokerages maintain a consensus “Buy” rating, while recent investor commentary has characterized TJX as an attractive value-oriented retail stock relative to larger retailers. TJX consensus Buy rating
- Positive Sentiment: Marshalls, a TJX banner, launched a fall fashion campaign with Brenda Song. The promotion could support seasonal traffic and brand engagement, although its direct financial impact is uncertain. Marshalls fall fashion campaign
- Neutral Sentiment: Investors are comparing TJX with Dollar General on valuation and earnings prospects, but the articles do not establish a decisive change to TJX’s outlook. DG versus TJX value comparison
- Negative Sentiment: TJX trades at a relatively elevated valuation, with a price-to-earnings ratio near 29, making the stock vulnerable to disappointment if results or forward guidance fall short. Shares also remain below their 50-day and 200-day moving averages, signaling some technical caution.
TJX Companies Stock Up 0.2%
TJX Companies (NYSE:TJX – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.
TJX Companies Announces Dividend
The company 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 $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on TJX shares. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Barclays reaffirmed an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Citigroup reiterated a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Telsey Advisory Group lifted their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and an average price target of $177.94.
Read Our Latest Analysis on TJX
Insider Activity
In other news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 over the last quarter. Company insiders own 0.15% of the company’s stock.
TJX Companies Company 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.
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