The TJX Companies, Inc. $TJX Holdings Reduced by Northstar Asset Management Inc.

Key Points

• Northstar Asset Management reduced its TJX stake by 10.6% in the second quarter, selling 9,628 shares and retaining 81,385 shares valued at approximately $12.33 million. Institutional investors collectively own 91.09% of TJX.
• TJX reported quarterly EPS of $1.22, beating estimates by $0.03, while revenue rose 5.4% year over year to $15.18 billion. The company maintained FY 2027 EPS guidance of $5.15–$5.20.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and $172.84 average price target, although several firms recently lowered targets. TJX shares opened at $135.16, near their 12-month low, and the company declared a quarterly dividend of $0.48 per share.

Northstar Asset Management Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,385 shares of the apparel and home fashions retailer's stock after selling 9,628 shares during the quarter. TJX Companies makes up approximately 3.6% of Northstar Asset Management Inc.'s holdings, making the stock its 7th biggest position. Northstar Asset Management Inc.'s holdings in TJX Companies were worth $12,330,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TJX. Swiss Life Asset Management Ltd increased its holdings in shares of TJX Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer's stock worth $57,363,000 after acquiring an additional 32,407 shares in the last quarter. Danske Bank A S bought a new position in shares of TJX Companies during the 2nd quarter valued at about $829,000. J.Safra Asset Management Corp grew its position in shares of TJX Companies by 78.3% in the 4th 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 purchasing an additional 2,989 shares during the period. Bluedoor Private Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $2,559,000. Finally, Man Group plc bought a new stake in TJX Companies during the 2nd quarter worth approximately $217,422,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction 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 owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction on 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 $87,051,761. This represents a 5.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Gordon Haskett restated an "accumulate" rating and set a $155.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Sanford C. Bernstein restated an "outperform" rating and set a $175.00 price objective on shares of TJX Companies in a report on Tuesday. Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $182.00 to $154.00 in a report on Thursday, August 20th. Weiss Ratings downgraded TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company reduced their price target on 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 research 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 stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.84.

TJX Companies Trading Up 0.7%

Shares of TJX stock opened at $135.16 on Friday. The TJX Companies, Inc. has a 12-month low of $133.55 and a 12-month high of $170.00. The company has a market capitalization of $149.31 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62. The firm has a 50 day moving average price of $152.86 and a two-hundred day moving average price of $156.07. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts predict that The TJX Companies, Inc. will post 5.2 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's dividend payout ratio 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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