Raiffeisen Bank International AG Purchases 7,682 Shares of The TJX Companies, Inc. $TJX

Key Points

• Raiffeisen Bank International increased its TJX Companies stake by 5.3%, purchasing 7,682 shares to bring its holdings to 153,803 shares valued at approximately $23.26 million. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly EPS of $1.22, exceeding the $1.19 consensus estimate, while revenue rose 5.4% year over year to $15.18 billion. The company also maintained a quarterly dividend of $0.48 per share, yielding about 1.5% annually.
• Analysts remain broadly positive, with TJX holding a consensus “Moderate Buy” rating and an average price target of $171.63, despite the stock opening at $132.21, near its 52-week low.

Raiffeisen Bank International AG boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 153,803 shares of the apparel and home fashions retailer's stock after purchasing an additional 7,682 shares during the period. Raiffeisen Bank International AG's holdings in TJX Companies were worth $23,260,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. BlackRock Inc. bought a new position in shares of TJX Companies during the 2nd quarter worth approximately $16,489,926,000. Bank of America Corp DE acquired a new stake in TJX Companies during the 2nd quarter valued at $3,511,553,000. Norges Bank bought a new position in TJX Companies during the fourth quarter worth $2,211,975,000. Bank of New York Mellon Corp acquired a new position in shares of TJX Companies in the second quarter valued at $1,598,731,000. Finally, Primecap Management Co. CA acquired a new position in shares of TJX Companies in the second quarter valued at $1,435,617,000. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Weiss Ratings cut TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Sanford C. Bernstein reiterated an "outperform" rating and set a $175.00 target price on shares of TJX Companies in a research note on Tuesday, August 25th. UBS Group reissued a "buy" rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Finally, BTIG Research restated a "buy" rating and issued a $190.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.63.

TJX Companies Stock Performance

TJX opened at $132.21 on Friday. 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 TJX Companies, Inc. has a 52-week low of $130.15 and a 52-week high of $170.00. The firm has a market cap of $145.43 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 2.37 and a beta of 0.60. The business's fifty day moving average is $150.48 and its 200-day moving average is $155.50.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (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 period in the prior year, the company posted $1.10 earnings per share. The business's revenue for the quarter 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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend 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%.

Insider Buying and Selling at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on 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 owned 201,496 shares in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company'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 sale, the director owned 802 shares of the company's stock, valued at approximately $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.15% of the company's stock.

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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