B. Metzler seel. Sohn & Co. AG raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,211 shares of the apparel and home fashions retailer's stock after buying an additional 9,127 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in TJX Companies were worth $20,636,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Coston McIsaac & Partners increased its position in shares of TJX Companies by 11.3% during 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 last quarter. Kohmann Bosshard Financial Services LLC boosted its holdings in shares of TJX Companies by 11.0% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock worth $106,000 after buying an additional 66 shares during the last quarter. HBW Advisory Services LLC boosted its holdings in shares of TJX Companies by 5.1% in the 2nd quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer's stock worth $206,000 after buying an additional 66 shares during the last quarter. Hohimer Wealth Management LLC grew its position 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 valued at $859,000 after buying an additional 66 shares during the period. Finally, Verde Capital Management grew its position in 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 buying an additional 67 shares during the period. Institutional investors own 91.09% of the company's stock.
Insider Buying and Selling
In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of TJX Companies 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 completion of the transaction, the chief executive officer owned 514,848 shares of the company's stock, valued at $82,725,776.64. The trade was a 1.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company's stock in a transaction dated 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 sale, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 72,818 shares of company stock worth $11,873,731 over the last quarter. 0.15% of the stock is owned by corporate insiders.
TJX Companies Price Performance
Shares of NYSE:TJX opened at $131.44 on Thursday. The firm has a market capitalization of $144.58 billion, a PE ratio of 24.30, a P/E/G ratio of 2.41 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $150.94 and a two-hundred day moving average price of $155.66. The TJX Companies, Inc. has a twelve month low of $131.18 and a twelve month high of $170.00.
TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. 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. Equities analysts forecast that The TJX Companies, Inc. will post 5.21 EPS for the current year.
TJX Companies Dividend Announcement
The business also recently announced 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 annualized dividend and a yield of 1.5%. TJX Companies's dividend payout ratio (DPR) is currently 35.49%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Guggenheim set a $152.00 price objective on shares of TJX Companies in a research report on Monday. Morgan Stanley set a $178.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, August 20th. Telsey Advisory Group raised their price target on shares of TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $182.00 to $154.00 in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $175.00 price objective on shares of TJX Companies in a report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.63.
Check Out Our Latest Report on TJX Companies
About TJX Companies
(
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.
Further Reading
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