Northwestern Mutual Wealth Management Co. Purchases 72,143 Shares of The TJX Companies, Inc. $TJX

Key Points

• Northwestern Mutual Wealth Management Co. increased its position in TJX Companies by 23.1%, acquiring an additional 72,143 shares in the first quarter, raising its holdings to 384,359 shares valued at approximately $46.8 million.
• Several institutional investors also boosted their stakes in TJX, with Brighton Jones LLC notably increasing its shares by 113.7% in the fourth quarter.
• TJX Companies reported earnings for the quarter surpassing estimates, with a revenue of $14.4 billion and a net margin of 8.59%, indicating a strong year-over-year performance.

Northwestern Mutual Wealth Management Co. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 384,359 shares of the apparel and home fashions retailer's stock after purchasing an additional 72,143 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in TJX Companies were worth $46,815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shell Asset Management Co. boosted its position in shares of TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after purchasing an additional 4,128 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares in the last quarter. Ethic Inc. boosted its position in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after purchasing an additional 29,158 shares in the last quarter. Fiduciary Trust Co boosted its position in shares of TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after purchasing an additional 144,113 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its position in shares of TJX Companies by 2.2% during the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after purchasing an additional 8,319 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.4%

TJX traded up $0.61 during trading on Wednesday, hitting $137.29. The company had a trading volume of 4,521,060 shares, compared to its average volume of 5,516,427. The company has a market capitalization of $153.37 billion, a PE ratio of 31.27, a PEG ratio of 3.07 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The firm's 50-day moving average price is $127.79 and its 200 day moving average price is $125.71. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the previous year, the firm posted $0.96 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's payout ratio is 38.72%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

TJX has been the topic of a number of recent analyst reports. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Robert W. Baird boosted their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $147.58.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.