Saudi Central Bank Increases Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Saudi Central Bank increased its TJX Companies stake by 89% in the second quarter, reaching 77,477 shares valued at approximately $11.7 million. Institutional investors collectively own 91.09% of the retailer.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $171.63, despite some recent downgrades and target cuts.
• TJX reported quarterly EPS of $1.22, exceeding estimates by $0.03, while revenue rose 5.4% year over year to $15.18 billion. The company also announced a quarterly dividend of $0.48 per share, representing a 1.5% yield.

Saudi Central Bank increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 89.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,477 shares of the apparel and home fashions retailer's stock after acquiring an additional 36,488 shares during the quarter. Saudi Central Bank's holdings in TJX Companies were worth $11,738,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Telsey Advisory Group upped their target price on TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. UBS Group reiterated a "buy" rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $182.00 to $154.00 in a report on Thursday, August 20th. Evercore reaffirmed an "outperform" rating and issued a $173.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Wells Fargo & Company dropped their target price on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $171.63.

Insider Activity at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director directly owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.15% of the stock is owned by corporate insiders.

TJX Companies Trading Down 0.1%

NYSE TJX opened at $132.09 on Friday. The stock's 50-day simple moving average is $150.02 and its two-hundred day simple moving average is $155.33. The TJX Companies, Inc. has a twelve month low of $130.15 and a twelve month high of $170.00. 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 company has a market capitalization of $145.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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. The firm had revenue of $15.18 billion during the quarter, compared to analysts' expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.5%. TJX Companies's dividend 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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