Ancora Advisors LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 31,012 shares of the apparel and home fashions retailer's stock, valued at approximately $4,698,000.
A number of other institutional investors and hedge funds have also made changes to their positions in TJX. BlackRock Inc. acquired a new position in TJX Companies during the 2nd quarter worth approximately $16,489,926,000. Geode Capital Management LLC raised its holdings in shares of TJX Companies by 2.6% in 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 purchasing an additional 673,690 shares in the last quarter. Bank of America Corp DE lifted 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 worth $3,935,630,000 after purchasing an additional 495,989 shares during the last quarter. Capital International Investors grew its stake in shares of TJX Companies by 2.0% during the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer's stock worth $2,455,911,000 after purchasing an additional 308,408 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of TJX Companies during the fourth quarter worth $2,211,975,000. 91.09% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at TJX Companies
In other news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director directly owned 802 shares of the company's stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 10,002 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the sale, the chief executive officer owned 514,848 shares of the company's stock, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 over the last ninety days. 0.15% of the stock is owned by insiders.
Analyst Ratings Changes
TJX has been the topic of a number of analyst reports. Telsey Advisory Group raised their price target on TJX Companies from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Barclays set a $188.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, August 20th. Sanford C. Bernstein reissued an "outperform" rating and set a $175.00 target price on shares of TJX Companies in a research report on Tuesday. Truist Financial set a $190.00 target price on TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 21st. Finally, Erste Group Bank downgraded TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.84.
Check Out Our Latest Stock Analysis on TJX
More TJX Companies News
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: TJX’s latest quarter exceeded expectations, with earnings per share of $1.22 versus the $1.19 consensus and revenue of $15.18 billion, up 5.4% year over year. Management also raised or maintained a favorable outlook, forecasting fiscal 2027 EPS of $5.15 to $5.20. TJX Q2 2027 Earnings Call Transcript
- Positive Sentiment: HomeGoods and TJX’s international businesses delivered comparable-sales growth, while expanding margins and upward earnings-estimate revisions support the view that the recent selloff may be overextended. Technical indicators described the stock as oversold and potentially forming support. Bears are Losing Control Over TJX
- Positive Sentiment: J.P. Morgan remains bullish on TJX, and the average brokerage recommendation continues to indicate a Buy, potentially offering support after the recent decline. J.P. Morgan Remains a Buy on TJX Companies
- Neutral Sentiment: Discussion on CNBC’s “Calls of the Day” focused on TJX and broader retail and utility-sector investment ideas, but provided no clear new company-specific catalyst. Calls of the Day: TJX Companies and the XLU
- Negative Sentiment: Jefferies downgraded TJX from Buy to Hold with a $145 price target, saying weakness at the Marmaxx division appears more serious than a temporary merchandising issue. Ross Stores’ stronger performance is increasing competitive pressure. Jefferies Cuts TJX to Hold
- Negative Sentiment: Investors have not rewarded TJX’s earnings beat and improved guidance, with the stock down about 11% over the past month. The reaction suggests valuation and concerns about future comparable-sales momentum are offsetting the company’s current execution. TJX Just Dropped 11% in a Month
TJX Companies Stock Performance
Shares of TJX stock opened at $136.95 on Thursday. The stock's 50-day moving average is $154.02 and its two-hundred day moving average is $156.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The TJX Companies, Inc. has a 1 year low of $135.90 and a 1 year high of $170.00. The firm has a market cap of $151.29 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.69 and a beta of 0.62.
TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. Analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.
TJX Companies Dividend Announcement
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 paid a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies's payout ratio is currently 35.49%.
TJX Companies Profile
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Free Report)
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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