California State Teachers Retirement System Raises Stock Position in The TJX Companies, Inc. $TJX

Key Points

• California State Teachers Retirement System dramatically increased its TJX position by 15,228.3% in the second quarter, adding more than 257 million shares and ending with a 23.43% stake valued at approximately $39.2 billion. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly EPS of $1.22, exceeding estimates by $0.03, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a quarterly dividend of $0.48, equivalent to a 1.5% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $171.63, although Citigroup downgraded the stock to “neutral.” TJX shares opened at $132.09, near their 52-week low of $130.15.

California State Teachers Retirement System lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15,228.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 258,776,847 shares of the apparel and home fashions retailer's stock after purchasing an additional 257,088,620 shares during the period. California State Teachers Retirement System owned 23.43% of TJX Companies worth $39,204,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss Life Asset Management Ltd boosted its position in TJX Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer's stock valued at $57,363,000 after purchasing an additional 32,407 shares in the last quarter. Danske Bank A S bought a new position in TJX Companies in the second quarter worth about $829,000. J.Safra Asset Management Corp raised its holdings in TJX Companies by 78.3% in the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer's stock worth $1,045,000 after purchasing an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at about $2,559,000. Finally, Man Group plc bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $217,422,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of TJX stock opened at $132.09 on Monday. The TJX Companies, Inc. has a fifty-two week low of $130.15 and a fifty-two week high of $170.00. 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 firm has a market capitalization of $145.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60. The stock's 50-day simple moving average is $150.02 and its 200-day simple moving average is $155.34.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies's revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, equities analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. TJX Companies's dividend payout ratio (DPR) is currently 35.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup downgraded shares of TJX Companies from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. Telsey Advisory Group increased their target price on shares of TJX Companies from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Guggenheim set a $152.00 target price on shares of TJX Companies in a research note on Monday, August 31st. Gordon Haskett reaffirmed an "accumulate" rating and issued a $155.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. upped their price target on TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a research report on Monday, May 18th. Two investment 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $171.63.

Insiders Place Their Bets

In other news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, the director directly owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.15% of the company's stock.

TJX Companies Company 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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