German American Bancorp Inc. Takes Position in The TJX Companies, Inc. $TJX

Key Points

• German American Bancorp initiated a TJX Companies position by purchasing 35,441 shares valued at approximately $5.37 million. Institutional investors collectively own 91.09% of TJX stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $177.94. Recent targets range as high as $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% yield.

German American Bancorp Inc. purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,441 shares of the apparel and home fashions retailer's stock, valued at approximately $5,369,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss Life Asset Management Ltd lifted its holdings in shares of TJX Companies by 9.5% during the 4th 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 buying an additional 32,407 shares during the last quarter. Family Capital Trust Co increased its holdings in TJX Companies by 1,080.0% in the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer's stock worth $2,077,000 after buying an additional 12,377 shares during the last quarter. J.Safra Asset Management Corp raised its position in TJX Companies by 78.3% during the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer's stock valued at $1,045,000 after acquiring an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $2,559,000. Finally, BNP Paribas lifted its stake in TJX Companies by 346.0% in the fourth quarter. BNP Paribas now owns 11,626 shares of the apparel and home fashions retailer's stock valued at $1,786,000 after acquiring an additional 9,019 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on TJX shares. BTIG Research boosted their target price on shares of TJX Companies from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Telsey Advisory Group raised their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Finally, Weiss Ratings downgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $177.94.

More TJX Companies News

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

• Positive Sentiment: An investment analysis argues that TJX may offer better value than larger retailers such as Walmart and Costco, highlighting its off-price model, growth prospects and relative investment appeal. This Retail Stock May Be an Even Better Buy Than Walmart and Costco Right Now
• Positive Sentiment: Another analysis estimates TJX could be approximately 14% undervalued as its growth narrative remains intact. Analysts are projecting quarterly earnings of about $1.18 per share and revenue of roughly $15.14 billion, making the upcoming report an important test of operating momentum. TJX Companies Could Be 14% Undervalued As Growth Narrative Holds
• Positive Sentiment: TJX is also featured among retail and wholesale stocks that may benefit from potential earnings surprises, supporting the view that expectations could be favorable ahead of results. Why Investors Need to Take Advantage of These 2 Retail and Wholesale Stocks Now
• Neutral Sentiment: TJX is one of several major retailers on investors’ earnings watchlists this week, alongside Walmart, Target, Home Depot and Lowe’s. The broader retail results and management outlooks could influence sentiment across the sector. Walmart, Target, Home Depot, Fed Minutes, and More to Watch This Week
• Neutral Sentiment: A recently declared dividend provides continued shareholder support, but the announcement comes just before quarterly results, leaving investors focused primarily on earnings and guidance. TJX Companies Stock in Focus as Dividend Declaration Meets an Approaching Quarterly Report
• Negative Sentiment: Markets are approaching a volatile retail earnings period, with mixed stock futures and Federal Reserve minutes also due. That uncertainty may be encouraging some profit-taking in TJX before results, particularly given its relatively high valuation and elevated expectations. Walmart Could Swing $42.1 Billion In Value After Earnings

TJX Companies Stock Down 0.6%

TJX opened at $151.25 on Tuesday. The firm has a market cap of $167.09 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The business has a 50 day moving average price of $157.45 and a 200 day moving average price of $156.80. The TJX Companies, Inc. has a twelve month low of $132.63 and a twelve month high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS 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 company had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The company's quarterly revenue was up 9.2% compared to the same quarter last year. 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 forecast that The TJX Companies, Inc. will post 5.19 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies's dividend payout ratio (DPR) is 37.28%.

Insider Activity

In other 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 value of $4,652,785.54. Following the sale, the chief executive officer directly 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 TJX Companies 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 completion of the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 130,367 shares of company stock worth $20,959,476. 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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