Fundsmith LLP purchased a new stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,272,592 shares of the apparel and home fashions retailer’s stock, valued at approximately $344,298,000. TJX Companies comprises about 2.5% of Fundsmith LLP’s investment portfolio, making the stock its 21st biggest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. BlackRock Inc. acquired a new stake in shares of TJX Companies in the 2nd quarter worth $16,489,926,000. Geode Capital Management LLC boosted its position in shares of TJX Companies by 2.6% during 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 acquiring an additional 673,690 shares during the last quarter. Bank of America Corp DE boosted its position in shares of TJX Companies by 2.0% during 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 acquiring an additional 495,989 shares during the last quarter. Capital International Investors grew its holdings in shares of TJX Companies by 2.0% in the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after purchasing an additional 308,408 shares during the period. Finally, Norges Bank acquired a new stake in TJX Companies during the fourth quarter worth about $2,211,975,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on TJX shares. Telsey Advisory Group boosted their target price 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. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $182.00 to $154.00 in a report on Thursday, August 20th. Barclays set a $188.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $172.84.
Insider Buying and Selling at TJX Companies
In related news, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the sale, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at $87,051,761. This represents a 5.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company’s 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 in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is currently owned by company insiders.
TJX Companies Price Performance
TJX stock opened at $135.16 on Monday. The business’s fifty day moving average price is $152.86 and its 200 day moving average price is $156.07. The TJX Companies, Inc. has a 12-month low of $133.55 and a 12-month high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $149.31 billion, a PE ratio of 24.98, a P/E/G ratio of 2.44 and a beta of 0.62.
TJX Companies (NYSE:TJX – Get Free Report) last announced 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. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.TJX Companies’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. 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, sell-side analysts anticipate that The TJX Companies, Inc. will post 5.21 EPS for the current year.
TJX Companies Dividend Announcement
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 paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.
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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