Crossmark Global Holdings Inc. Boosts Holdings in The TJX Companies, Inc. $TJX

Key Points

• Crossmark Global Holdings increased its TJX Companies stake by 5.3% in the second quarter, owning 415,918 shares valued at approximately $63 million. Institutional investors hold 91.09% of TJX stock.
• Analysts remain broadly bullish, with an average rating of “Buy” and an average price target of $177.94; several firms recently raised their targets to between $160 and $190.
• TJX reported quarterly EPS of $1.19, beating estimates by $0.17, while revenue rose 9.2% year over year to $14.32 billion. The company also declared a quarterly dividend of $0.48 per share, representing a 1.3% annualized yield.

Crossmark Global Holdings Inc. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 415,918 shares of the apparel and home fashions retailer's stock after purchasing an additional 20,785 shares during the period. TJX Companies makes up 0.8% of Crossmark Global Holdings Inc.'s holdings, making the stock its 17th biggest holding. Crossmark Global Holdings Inc.'s holdings in TJX Companies were worth $63,012,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TJX. Coston McIsaac & Partners boosted its position in TJX Companies by 11.3% in the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer's stock valued at $100,000 after buying an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC increased its position in shares of TJX Companies by 11.0% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock worth $106,000 after acquiring an additional 66 shares during the period. HBW Advisory Services LLC increased its position in shares of TJX Companies by 5.1% during the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer's stock worth $206,000 after acquiring an additional 66 shares during the period. Hohimer Wealth Management LLC raised its stake in shares of TJX Companies by 1.2% in 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 acquiring an additional 66 shares in the last quarter. Finally, Verde Capital Management raised its stake in shares of TJX Companies by 0.7% in 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 acquiring an additional 67 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Wells Fargo & Company reiterated an "outperform" rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Barclays restated an "overweight" rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Evercore reaffirmed an "outperform" rating and issued a $175.00 price target on shares of TJX Companies in a research report on Thursday, May 21st. Weiss Ratings cut TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Finally, Citigroup reissued a "buy" rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $177.94.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 29,549 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the transaction, the chief executive officer owned 552,850 shares of the company's stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 130,367 shares of company stock worth $20,959,476. Insiders own 0.15% of the company's stock.

TJX Companies Stock Down 1.2%

TJX stock opened at $152.00 on Friday. The stock has a market cap of $167.91 billion, a P/E ratio of 29.51, a PEG ratio of 3.28 and a beta of 0.62. 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 TJX Companies, Inc. has a twelve month low of $132.01 and a twelve month high of $170.00. The company's 50 day moving average is $157.63 and its two-hundred day moving average is $156.73.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to analysts' expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS. 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. Research analysts expect that The TJX Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared 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 of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TJX Companies's payout ratio is 37.28%.

About TJX Companies

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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