Groupe la Francaise Buys 39,328 Shares of The TJX Companies, Inc. $TJX

Key Points

• Groupe la Francaise increased its TJX Companies stake by 28.6% in the second quarter, purchasing 39,328 shares to own 176,608 shares valued at approximately $26.8 million. Institutional investors and hedge funds collectively own 91.09% of the company.
• TJX reported quarterly EPS of $1.22, beating estimates of $1.19, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a quarterly dividend of $0.48 per share, equivalent to a 1.5% annual yield.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and a $171.63 price target, although Jefferies and Wall Street Zen recently downgraded the stock to “Hold.” Two directors also sold shares, including a $9.1 million sale by Chairman Carol Meyrowitz.

Groupe la Francaise raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 28.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 176,608 shares of the apparel and home fashions retailer's stock after purchasing an additional 39,328 shares during the quarter. Groupe la Francaise's holdings in TJX Companies were worth $26,764,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. California State Teachers Retirement System grew its position in TJX Companies by 15,228.3% during the second quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer's stock worth $39,204,692,000 after buying an additional 257,088,620 shares in the last quarter. BlackRock Inc. bought a new position in TJX Companies during the second quarter valued at about $16,489,926,000. Geode Capital Management LLC raised its holdings in TJX Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer's stock valued at $4,134,174,000 after acquiring an additional 673,690 shares in the last quarter. Bank of America Corp DE raised its holdings in TJX Companies by 2.0% in the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer's stock valued at $3,935,630,000 after acquiring an additional 495,989 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer's stock worth $2,455,911,000 after acquiring an additional 308,408 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares of the company's stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm's 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 sale, the chairman owned 201,496 shares of the company's stock, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research reports. Jefferies Financial Group cut TJX Companies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $180.00 to $145.00 in a research report on Wednesday, August 26th. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Barclays set a $188.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, August 20th. Finally, Guggenheim set a $152.00 target price on shares of TJX Companies in a research report on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $171.63.

TJX Companies Stock Up 0.0%

TJX opened at $132.09 on Monday. The firm has a market cap 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 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's 50-day simple moving average is $150.02 and its 200-day simple moving average is $155.34. The TJX Companies, Inc. has a twelve month low of $130.15 and a twelve month high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion for 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%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. 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 anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

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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