Bank of New York Mellon Corp Acquires Shares of 10,552,680 The TJX Companies, Inc. $TJX

Key Points

• Bank of New York Mellon acquired 10.55 million TJX shares worth approximately $1.60 billion, giving it a 0.96% stake. Institutional investors and hedge funds collectively own 91.09% of the company.
• TJX reported second-quarter adjusted EPS of $1.22, ahead of the $1.19 consensus, while revenue increased 5.4% year over year to $15.18 billion. Management raised its fiscal 2027 EPS outlook to $5.15–$5.20 and increased its long-term store target to roughly 7,500 locations.
• Despite the earnings beat, shares fell as the key Marmaxx division posted just 1% comparable-sales growth and results benefited from an estimated $0.14-per-share tariff refund. Analyst sentiment remains broadly positive, though Citi downgraded the stock to Neutral and cut its price target to $154.

Bank of New York Mellon Corp bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,552,680 shares of the apparel and home fashions retailer's stock, valued at approximately $1,598,731,000. Bank of New York Mellon Corp owned about 0.96% of TJX Companies at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sandro Wealth Management LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $1,670,000. Centric Wealth Management bought a new position in TJX Companies in the 2nd quarter worth approximately $3,159,000. Private Advisory Group LLC acquired a new position in TJX Companies during the 2nd quarter worth $368,000. Focus Partners Advisor Solutions LLC bought a new position in TJX Companies in the 2nd quarter valued at $5,351,000. Finally, State of Wyoming bought a new position in TJX Companies in the 2nd quarter valued at $648,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies News Summary

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

• Positive Sentiment: TJX reported second-quarter adjusted EPS of $1.22, above the roughly $1.19 analyst consensus, while sales rose 5.4% year over year to $15.18 billion. Consolidated comparable sales increased 4%, margins improved and management raised its fiscal 2027 adjusted EPS outlook to $5.15-$5.20. TJX Q2 FY27 Results
• Positive Sentiment: Management raised its long-term store target to approximately 7,500 locations and highlighted stronger comparable-sales trends at HomeGoods, Canada and International operations. Several analysts, including BTIG and Gordon Haskett, maintained bullish or positive ratings, arguing that the selloff could create an attractive entry point. Analyst view on TJX
• Neutral Sentiment: Analysts are divided on the outlook. UBS views the Marmaxx weakness as largely isolated and sees a favorable setup if execution improves, while Wells Fargo lowered its price target to $140 and Citi downgraded TJX to Neutral because the stock’s valuation leaves less room for operational disappointment. Citi downgrade
• Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls and represents TJX’s largest division, posted only 1% comparable-sales growth, well below the 6%-7% gains elsewhere. Management attributed the shortfall to merchandise-mix and execution mistakes, but analysts also cited tougher competition and consumers’ resistance to further price increases. TJX merchandising missteps
• Negative Sentiment: Investors questioned the quality of the earnings beat because second-quarter results included an estimated $0.14-per-share benefit from tariff refunds. The market also reacted negatively to cautious near-term guidance and concerns that weakening consumer spending could pressure future growth. Rising bond yields, oil prices and renewed inflation fears added to the selling pressure across retailers. TJX earnings reaction

TJX Companies Trading Down 2.6%

Shares of NYSE TJX opened at $140.76 on Friday. The company's fifty day moving average is $156.18 and its 200-day moving average is $156.75. The stock has a market cap of $155.50 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 3.12 and a beta of 0.62. The TJX Companies, Inc. has a twelve month low of $134.74 and a twelve month high of $170.00. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion during the quarter, compared to analysts' expectations of $15.16 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The company'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. Equities research analysts predict that The TJX Companies, Inc. will post 5.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies's payout ratio is currently 37.28%.

Analyst Ratings Changes

TJX has been the topic of several research reports. Evercore reaffirmed an "outperform" rating and set a $173.00 price target on shares of TJX Companies in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Citigroup downgraded shares of TJX Companies from a "buy" rating to a "neutral" rating and cut their target price for the company from $182.00 to $154.00 in a research report on Thursday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Thursday, May 21st. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $173.89.

Insiders Place Their Bets

In related news, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director directly owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last quarter. 0.15% of the stock is owned by company insiders.

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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