Bessemer Group Inc. Grows Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Bessemer Group Inc. increased its TJX stake by 10.6% in the first quarter, adding 6,993 shares to bring its total holdings to 72,835 shares worth about $11.6 million.
• TJX recently posted strong quarterly results, with earnings of $1.19 per share beating estimates and revenue rising 9.2% year over year to $14.32 billion.
• Despite bullish analyst coverage and a quarterly dividend of $0.48 per share, some caution remains as Erste Group Bank downgraded TJX to Hold and valuation concerns continue to weigh on upside expectations.

Bessemer Group Inc. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,835 shares of the apparel and home fashions retailer's stock after acquiring an additional 6,993 shares during the quarter. Bessemer Group Inc.'s holdings in TJX Companies were worth $11,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TJX. One Day In July LLC purchased a new position in TJX Companies during the 1st quarter valued at about $226,000. Independent Financial Group LLC purchased a new stake in shares of TJX Companies in the first quarter worth about $2,645,000. Enterprise Financial Services Corp boosted its position in shares of TJX Companies by 4.0% in the first quarter. Enterprise Financial Services Corp now owns 2,784 shares of the apparel and home fashions retailer's stock valued at $445,000 after acquiring an additional 106 shares during the period. Smart Money Group LLC boosted its position in shares of TJX Companies by 2.1% in the first quarter. Smart Money Group LLC now owns 8,968 shares of the apparel and home fashions retailer's stock valued at $1,432,000 after acquiring an additional 184 shares during the period. Finally, Frazier Financial Advisors LLC grew its stake in TJX Companies by 81.1% during the first quarter. Frazier Financial Advisors LLC now owns 469 shares of the apparel and home fashions retailer's stock valued at $75,000 after acquiring an additional 210 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.0%

TJX stock opened at $154.51 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The company's 50 day moving average is $156.54 and its 200 day moving average is $156.53. The stock has a market cap of $170.69 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.63. The TJX Companies, Inc. has a 1-year low of $122.00 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results 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 business had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period last year, the firm posted $0.92 earnings per share. TJX Companies's quarterly revenue was up 9.2% on a year-over-year basis. 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. Sell-side analysts predict that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's payout ratio is currently 37.28%.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. Erste Group Bank lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. BTIG Research raised their price target on shares of TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Wells Fargo & Company restated an "outperform" rating and set a $160.00 price target (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Robert W. Baird upped their price target on shares of TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of TJX Companies in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus price target of $176.89.

Key TJX Companies News

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

• Positive Sentiment: TJX is being cited as one of the retail stocks positioned to benefit from stronger June retail sales and surging online spending, reinforcing the view that off-price retail demand remains resilient. 5 Solid Stocks to Boost Your Portfolio as Retail Sales Continue to Surge
• Positive Sentiment: A recent market note says TJX has risen on earnings optimism, with investors focusing on whether the company can deliver another strong quarter and justify its premium valuation. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Positive Sentiment: TJX was also highlighted in “great rotation” commentary as a stock that could benefit if investors continue moving away from megacap tech and into consumer and value-oriented names. The Great Rotation: 5 Stocks Set to Win as Money Leaves Megacap Tech
• Neutral Sentiment: Recent commentary also notes that TJX has been mixed over the past month, despite strong longer-term returns, suggesting investors are weighing growth durability against the stock’s already rich run. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Negative Sentiment: Valuation remains a concern, with analysts questioning how much upside is left after the stock’s strong performance, which could limit near-term gains. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Negative Sentiment: Erste Group Bank reportedly downgraded TJX to Hold, adding a note of caution around the stock’s near-term risk/reward. TJX Companies NYSE: TJX Downgraded by Erste Group Bank to "Hold"

Insider Activity at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the company's 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 completion of the transaction, the director directly owned 802 shares in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction on 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 completion of the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have 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 currently owned by 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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