1ST Source Bank Buys New Shares in The TJX Companies, Inc. $TJX

Key Points

• 1ST Source Bank purchased 56,339 TJX shares worth approximately $8.5 million during the second quarter, making TJX its 27th-largest holding. Institutional investors and hedge funds own 91.09% of the company.
• TJX recently beat quarterly expectations, reporting $1.19 in earnings per share and $14.32 billion in revenue, up 9.2% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $177.94.
• The stock opened at $151.25, down 0.6%, while insiders have sold approximately $21.0 million of shares over the past 90 days. TJX also declared a quarterly dividend of $0.48 per share, representing a 1.3% annualized yield.

1ST Source Bank purchased a new stake in shares of 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 purchased 56,339 shares of the apparel and home fashions retailer's stock, valued at approximately $8,535,000. TJX Companies comprises about 0.4% of 1ST Source Bank's portfolio, making the stock its 27th biggest holding.

Other large investors have also recently bought and sold shares of the company. Coston McIsaac & Partners lifted its stake in shares of TJX Companies by 11.3% in the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer's stock valued at $100,000 after purchasing an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC boosted its position in shares of TJX Companies by 11.0% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock valued at $106,000 after purchasing an additional 66 shares in the last quarter. HBW Advisory Services LLC grew its stake in TJX Companies by 5.1% during the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer's stock worth $206,000 after purchasing an additional 66 shares during the period. Hohimer Wealth Management LLC grew its stake in TJX Companies by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer's stock worth $859,000 after purchasing an additional 66 shares during the period. Finally, Verde Capital Management increased its holdings in TJX Companies by 0.7% in the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer's stock worth $1,539,000 after purchasing an additional 67 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jackwyn Nemerov sold 957 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director directly owned 802 shares of the company's stock, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 10,002 shares of the business's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the transaction, the chief executive officer owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by insiders.

Key Stories Impacting TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: An investment analysis argues that TJX may offer better value than larger retailers such as Walmart and Costco, highlighting its off-price model, growth prospects and relative investment appeal. This Retail Stock May Be an Even Better Buy Than Walmart and Costco Right Now
• Positive Sentiment: Another analysis estimates TJX could be approximately 14% undervalued as its growth narrative remains intact. Analysts are projecting quarterly earnings of about $1.18 per share and revenue of roughly $15.14 billion, making the upcoming report an important test of operating momentum. TJX Companies Could Be 14% Undervalued As Growth Narrative Holds
• Positive Sentiment: TJX is also featured among retail and wholesale stocks that may benefit from potential earnings surprises, supporting the view that expectations could be favorable ahead of results. Why Investors Need to Take Advantage of These 2 Retail and Wholesale Stocks Now
• Neutral Sentiment: TJX is one of several major retailers on investors’ earnings watchlists this week, alongside Walmart, Target, Home Depot and Lowe’s. The broader retail results and management outlooks could influence sentiment across the sector. Walmart, Target, Home Depot, Fed Minutes, and More to Watch This Week
• Neutral Sentiment: A recently declared dividend provides continued shareholder support, but the announcement comes just before quarterly results, leaving investors focused primarily on earnings and guidance. TJX Companies Stock in Focus as Dividend Declaration Meets an Approaching Quarterly Report
• Negative Sentiment: Markets are approaching a volatile retail earnings period, with mixed stock futures and Federal Reserve minutes also due. That uncertainty may be encouraging some profit-taking in TJX before results, particularly given its relatively high valuation and elevated expectations. Walmart Could Swing $42.1 Billion In Value After Earnings

TJX Companies Trading Down 0.6%

NYSE:TJX opened at $151.25 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a 50-day moving average of $157.45 and a 200-day moving average of $156.80. The company has a market cap of $167.09 billion, a PE ratio of 29.37, a PEG ratio of 3.28 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $132.63 and a one year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analysts' expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. As a group, equities research analysts expect 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. Shareholders 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 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's payout ratio is currently 37.28%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TJX. Erste Group Bank cut TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. 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 research note on Thursday, May 21st. UBS Group reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, June 9th. Morgan Stanley reissued an "overweight" rating on shares of TJX Companies in a research note on Thursday, August 6th. Finally, Wells Fargo & Company restated an "outperform" rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, TJX Companies currently has an average rating of "Buy" and a consensus target price of $177.94.

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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