William Blair Investment Management LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 36,029 shares of the apparel and home fashions retailer’s stock, valued at approximately $5,458,000.
Several other institutional investors have also recently made changes to their positions in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in TJX Companies by 120.3% in the fourth 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 period. Entrust Financial LLC purchased a new stake in TJX Companies in the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies in the fourth quarter valued at $26,000. Joseph Group Capital Management acquired a new position in shares of TJX Companies in the 4th quarter valued at $27,000. Finally, IMG Wealth Management Inc. lifted its stake in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.
Analyst Upgrades and Downgrades
TJX has been the subject of a number of recent analyst reports. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $182.00 to $154.00 in a research report on Thursday. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. Telsey Advisory Group upped their target price on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.89.
Insider Transactions at TJX Companies
In other TJX Companies news, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction dated Wednesday, June 3rd. The stock was 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 directly owned 552,850 shares of the company’s stock, valued at $87,051,761. The trade was a 5.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated 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 owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by insiders.
TJX Companies Stock Up 0.0%
NYSE:TJX opened at $140.58 on Monday. The TJX Companies, Inc. has a 52 week low of $134.74 and a 52 week high of $170.00. The stock’s fifty day moving average is $155.63 and its two-hundred day moving average is $156.68. The stock has a market capitalization of $155.30 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth 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.
TJX Companies (NYSE:TJX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The business 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%.The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. 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. Research analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current year.
TJX Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 35.49%.
More TJX Companies News
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: TJX reported revenue of $15.18 billion and adjusted EPS of $1.22, surpassing consensus estimates of $15.16 billion and $1.19, respectively. Comparable-store sales increased 4%, while adjusted earnings rose 11% year over year. TJX beats Q2 expectations despite self-inflicted apparel slump
- Positive Sentiment: Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations, supporting the company’s longer-term growth outlook. TJX outlines 7,500-store target while raising FY2027 EPS
- Positive Sentiment: Winners, Marshalls and HomeSense are reportedly gaining significant market share in Canada, while HomeGoods and international operations also provided important sources of strength. TJX says Canadian banners are gaining market share
- Neutral Sentiment: Some analysts view the post-earnings sell-off as a buying opportunity, with BTIG reaffirming a Buy rating and a $190 price target; UBS characterized the Marmaxx weakness as potentially isolated. A rare stumble at TJX has Wall Street spooked
- Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls in the United States, delivered a disappointing comparable-sales performance. Management blamed merchandising and apparel-mix mistakes, but analysts also cited tougher off-price competition and consumer resistance to price increases. TJX blames merchandising missteps for rare US miss
- Negative Sentiment: Fiscal third-quarter guidance fell short of expectations, increasing concerns about near-term margin pressure and execution. Citi downgraded TJX to Neutral, while Wells Fargo cut its price target to $140 and assigned an Equal Weight rating. TJX Q2 beat but Marmaxx lags and Q3 guidance falls short
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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