Bank OZK Acquires 10,103 Shares of The TJX Companies, Inc. $TJX

Key Points

• Bank OZK increased its TJX Companies position by 47.6% in the second quarter, buying 10,103 additional shares for a total holding of 31,339 shares valued at approximately $4.75 million.
• TJX shares fell 2.6% to $128.66, near their 12-month low of $128.37, despite the company exceeding quarterly earnings and revenue expectations and reporting 5.4% year-over-year revenue growth.
• Analysts remain broadly positive, with TJX receiving a “Moderate Buy” consensus rating and an average price target of $171.63, although Citigroup downgraded the stock to “neutral” and reduced its target to $154.

Bank OZK lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 47.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,339 shares of the apparel and home fashions retailer's stock after buying an additional 10,103 shares during the quarter. TJX Companies makes up about 1.5% of Bank OZK's portfolio, making the stock its 17th biggest position. Bank OZK's holdings in TJX Companies were worth $4,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. California State Teachers Retirement System increased its stake in TJX Companies by 15,228.3% in the second quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer's stock worth $39,204,692,000 after purchasing an additional 257,088,620 shares during the period. BlackRock Inc. purchased a new stake in shares of TJX Companies during the second quarter valued at $16,489,926,000. Geode Capital Management LLC boosted its stake in shares of TJX Companies by 2.6% during the fourth 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 during the period. Bank of America Corp DE grew its holdings in shares of TJX Companies by 2.0% in the fourth 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. Finally, Capital International Investors increased its stake in TJX Companies by 2.0% in the 4th 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 buying an additional 308,408 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 2.6%

TJX Companies stock traded down $3.42 during midday trading on Tuesday, hitting $128.66. 11,168,377 shares of the company's stock were exchanged, compared to its average volume of 5,663,261. 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 12 month low of $128.37 and a 12 month high of $170.00. The firm has a 50-day moving average of $149.63 and a two-hundred day moving average of $155.17. The company has a market cap of $141.53 billion, a PE ratio of 23.78, a P/E/G ratio of 2.38 and a beta of 0.60.

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 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 business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the business posted $1.10 EPS. 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. As a group, analysts expect that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group reiterated a "buy" rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Gordon Haskett reaffirmed an "accumulate" rating and set a $155.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Evercore reaffirmed an "outperform" rating and set a $173.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and lowered their price target for the company from $182.00 to $154.00 in a report on Thursday, August 20th. Finally, Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and a consensus price target of $171.63.

Insider Buying and Selling

In related news, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director owned 802 shares of the company's stock, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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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