Elefante Mark B Makes New Investment in The TJX Companies, Inc. $TJX

Key Points

• Elefante Mark B acquired 49,320 TJX shares worth approximately $7.47 million in the second quarter, making TJX its 11th-largest holding at 3.2% of the portfolio. Institutional investors collectively own 91.09% of the company.
• TJX beat quarterly expectations with revenue of $15.18 billion and EPS of $1.22, while revenue increased 5.4% year over year. Management set fiscal 2027 EPS guidance at $5.15–$5.20, though weaker Marmaxx performance and below-expectation third-quarter guidance prompted some analyst downgrades.
• The stock opened at $140.58, near its 52-week low, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $173.89. TJX also declared a quarterly dividend of $0.48 per share, equating to a 1.4% yield.

Elefante Mark B bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 49,320 shares of the apparel and home fashions retailer's stock, valued at approximately $7,472,000. TJX Companies comprises 3.2% of Elefante Mark B's investment portfolio, making the stock its 11th biggest position.

Other institutional investors have also modified their holdings of the company. Haverford Financial Services Inc. acquired a new position in TJX Companies in the 2nd quarter valued at $11,144,000. Berry Wealth Group LP purchased a new stake in shares of TJX Companies in the second quarter valued at about $258,000. Haverford Trust Co purchased a new stake in shares of TJX Companies in the second quarter valued at about $231,588,000. Clear Harbor Asset Management LLC acquired a new position in shares of TJX Companies during the second quarter worth about $966,000. Finally, First Nebraska Trust Co purchased a new position in TJX Companies during the second quarter worth about $849,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TJX. BTIG Research restated a "buy" rating and issued a $190.00 price objective on shares of TJX Companies in a research report on Thursday. Wells Fargo & Company dropped their target price on TJX Companies from $160.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Thursday. Barclays set a $188.00 target price on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday. Erste Group Bank cut TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Finally, Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and decreased their price target for the company from $182.00 to $154.00 in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $173.89.

TJX Companies Stock Performance

Shares of TJX opened at $140.58 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 52-week low of $134.74 and a 52-week high of $170.00. The company has a 50-day simple moving average of $155.63 and a 200-day simple moving average of $156.68. The company has a market capitalization of $155.30 billion, a PE ratio of 25.99, a P/E/G ratio of 2.71 and a beta of 0.62.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The firm'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 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies's payout ratio is 35.49%.

Insider Transactions at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the sale, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. This represents a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock worth $20,959,476 over the last quarter. Insiders own 0.15% of the company's stock.

Trending Headlines about TJX Companies

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

• Positive Sentiment: TJX reported revenue of $15.18 billion and adjusted EPS of $1.22, surpassing consensus estimates of $15.16 billion and $1.19, respectively. Comparable-store sales increased 4%, while adjusted earnings rose 11% year over year. TJX beats Q2 expectations despite self-inflicted apparel slump
• Positive Sentiment: Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations, supporting the company’s longer-term growth outlook. TJX outlines 7,500-store target while raising FY2027 EPS
• Positive Sentiment: Winners, Marshalls and HomeSense are reportedly gaining significant market share in Canada, while HomeGoods and international operations also provided important sources of strength. TJX says Canadian banners are gaining market share
• Neutral Sentiment: Some analysts view the post-earnings sell-off as a buying opportunity, with BTIG reaffirming a Buy rating and a $190 price target; UBS characterized the Marmaxx weakness as potentially isolated. A rare stumble at TJX has Wall Street spooked
• Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls in the United States, delivered a disappointing comparable-sales performance. Management blamed merchandising and apparel-mix mistakes, but analysts also cited tougher off-price competition and consumer resistance to price increases. TJX blames merchandising missteps for rare US miss
• Negative Sentiment: Fiscal third-quarter guidance fell short of expectations, increasing concerns about near-term margin pressure and execution. Citi downgraded TJX to Neutral, while Wells Fargo cut its price target to $140 and assigned an Equal Weight rating. TJX Q2 beat but Marmaxx lags and Q3 guidance falls short

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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