ABN AMRO Bank N.V. Invests $90.41 Million in The TJX Companies, Inc. $TJX

ABN AMRO Bank N.V. bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 597,173 shares of the apparel and home fashions retailer's stock, valued at approximately $90,410,000. TJX Companies accounts for 1.2% of ABN AMRO Bank N.V.'s investment portfolio, making the stock its 27th biggest holding. ABN AMRO Bank N.V. owned approximately 0.05% of TJX Companies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Coston McIsaac & Partners grew 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 worth $100,000 after buying an additional 64 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its holdings in TJX Companies by 11.0% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock worth $106,000 after acquiring an additional 66 shares in the last quarter. HBW Advisory Services LLC boosted its holdings in TJX Companies by 5.1% in 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 acquiring an additional 66 shares in the last quarter. Hohimer Wealth Management LLC grew its stake in shares of TJX Companies by 1.2% in 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 acquiring an additional 66 shares during the last quarter. Finally, Verde Capital Management increased its holdings in shares of TJX Companies by 0.7% during the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer's stock valued at $1,539,000 after acquiring an additional 67 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the company's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the sale, the chief financial officer directly owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by corporate insiders.

Key TJX Companies News

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TJX shares. Erste Group Bank lowered TJX Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Morgan Stanley restated an "overweight" rating on shares of TJX Companies in a research note on Thursday, August 6th. Telsey Advisory Group lifted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Citigroup reiterated a "buy" rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Weiss Ratings cut shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies presently has an average rating of "Buy" and an average price target of $177.94.

TJX Companies Stock Performance

Shares of TJX stock opened at $151.25 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $157.45 and a 200-day moving average price of $156.80. The TJX Companies, Inc. has a 52 week low of $132.63 and a 52 week high of $170.00. The firm has a market capitalization of $167.09 billion, a PE ratio of 29.37, a P/E/G ratio of 3.28 and a beta of 0.62.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. 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 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies's payout ratio is 37.28%.

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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