Nykredit A S bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 501,433 shares of the apparel and home fashions retailer’s stock, valued at approximately $75,967,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. B. Metzler seel. Sohn & Co. AG grew its stake in TJX Companies by 7.2% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 136,211 shares of the apparel and home fashions retailer’s stock valued at $20,636,000 after purchasing an additional 9,127 shares in the last quarter. Emergent Wealth Advisors LLC purchased a new stake in TJX Companies during the 2nd quarter worth approximately $265,000. PFG Private Wealth Management LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $203,000. XML Financial LLC raised its position in shares of TJX Companies by 27.6% in the 2nd quarter. XML Financial LLC now owns 3,697 shares of the apparel and home fashions retailer’s stock valued at $560,000 after purchasing an additional 800 shares in the last quarter. Finally, Tsfg LLC boosted its stake in shares of TJX Companies by 97.7% during the 2nd quarter. Tsfg LLC now owns 263 shares of the apparel and home fashions retailer’s stock valued at $40,000 after buying an additional 130 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at TJX Companies
In other TJX Companies news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The stock was 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. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction that occurred on 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 transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 72,818 shares of company stock worth $11,873,731 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.
TJX Companies Stock Performance
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. 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 firm’s 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, equities research analysts predict that The TJX Companies, Inc. will post 5.21 EPS for the current year.
TJX Companies Announces Dividend
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. TJX Companies’s payout ratio is 35.49%.
Wall Street Analysts Forecast Growth
TJX has been the subject of a number of recent analyst reports. Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. 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 report on Thursday, May 21st. BTIG Research reissued a “buy” rating and set a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Guggenheim set a $152.00 target price on shares of TJX Companies in a research report on Monday. Finally, Wells Fargo & Company dropped 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 report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.63.
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.
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