Haverford Trust Co Makes New $231.59 Million Investment in The TJX Companies, Inc. $TJX

Key Points

• Haverford Trust acquired 1.53 million TJX shares worth approximately $231.6 million, making TJX about 2% of its portfolio and its 15th-largest holding. Institutional investors collectively own 91.09% of the company.
• TJX beat second-quarter expectations with $15.18 billion in revenue and $1.22 adjusted EPS, while raising fiscal 2027 EPS guidance to $5.15–$5.20 and increasing its long-term store target to 7,500 locations.
• Despite the upbeat results, weak performance at U.S. Marmaxx and below-consensus third-quarter guidance have pressured the stock and prompted some analyst downgrades; the shares opened at $140.58 versus an average analyst target of $173.89.

Haverford Trust Co purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,528,633 shares of the apparel and home fashions retailer's stock, valued at approximately $231,588,000. TJX Companies accounts for about 2.0% of Haverford Trust Co's holdings, making the stock its 15th biggest holding. Haverford Trust Co owned about 0.14% of TJX Companies at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $26,000. IMG Wealth Management Inc. grew its stake in shares of TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Joseph Group Capital Management acquired a new position in shares of TJX Companies during the 4th quarter worth $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the firm's stock in a transaction dated 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 directly owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company's stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by company insiders.

More TJX Companies News

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

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. BTIG Research reiterated a "buy" rating and issued a $190.00 price objective on shares of TJX Companies in a research note on Thursday. Wall Street Zen lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday. 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 report on Thursday, May 21st. Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday. Finally, Evercore reissued an "outperform" rating and set a $173.00 price target on shares of TJX Companies 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.89.

TJX Companies Stock Performance

Shares of TJX opened at $140.58 on Friday. The TJX Companies, Inc. has a 1 year low of $134.74 and a 1 year high of $170.00. The company's 50 day simple moving average is $155.63 and its 200 day simple moving average is $156.64. The company has a market capitalization of $155.30 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.02 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 1.15.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, sell-side analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.4%. TJX Companies's payout ratio is currently 35.49%.

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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