Madison Asset Management LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 429,842 shares of the apparel and home fashions retailer’s stock, valued at approximately $65,121,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in 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 valued at $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. lifted its stake 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 valued at $27,000 after buying an additional 69 shares during the period. Finally, Joseph Group Capital Management acquired a new stake in TJX Companies during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Trading Down 2.6%
Shares of TJX opened at $140.76 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $155.50 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62. The stock’s fifty day simple moving average is $156.18 and its 200 day simple moving average is $156.75. The TJX Companies, Inc. has a twelve month low of $134.74 and a twelve month high of $170.00.
TJX Companies Dividend Announcement
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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is currently 37.28%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $182.00 to $154.00 in a report on Thursday. Evercore reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of TJX Companies in a research report on Thursday. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Robert W. Baird increased their target price 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, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $173.89.
Get Our Latest Analysis on TJX
TJX Companies News Summary
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: TJX reported second-quarter adjusted EPS of $1.22, above the roughly $1.19 analyst consensus, while sales rose 5.4% year over year to $15.18 billion. Consolidated comparable sales increased 4%, margins improved and management raised its fiscal 2027 adjusted EPS outlook to $5.15-$5.20. TJX Q2 FY27 Results
- Positive Sentiment: Management raised its long-term store target to approximately 7,500 locations and highlighted stronger comparable-sales trends at HomeGoods, Canada and International operations. Several analysts, including BTIG and Gordon Haskett, maintained bullish or positive ratings, arguing that the selloff could create an attractive entry point. Analyst view on TJX
- Neutral Sentiment: Analysts are divided on the outlook. UBS views the Marmaxx weakness as largely isolated and sees a favorable setup if execution improves, while Wells Fargo lowered its price target to $140 and Citi downgraded TJX to Neutral because the stock’s valuation leaves less room for operational disappointment. Citi downgrade
- Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls and represents TJX’s largest division, posted only 1% comparable-sales growth, well below the 6%-7% gains elsewhere. Management attributed the shortfall to merchandise-mix and execution mistakes, but analysts also cited tougher competition and consumers’ resistance to further price increases. TJX merchandising missteps
- Negative Sentiment: Investors questioned the quality of the earnings beat because second-quarter results included an estimated $0.14-per-share benefit from tariff refunds. The market also reacted negatively to cautious near-term guidance and concerns that weakening consumer spending could pressure future growth. Rising bond yields, oil prices and renewed inflation fears added to the selling pressure across retailers. TJX earnings reaction
Insider Transactions at TJX Companies
In other news, Chairman Carol Meyrowitz sold 55,624 shares of the business’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 completion of the sale, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, 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. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 over the last 90 days. Company insiders own 0.15% of the company’s stock.
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.
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