The TJX Companies, Inc. $TJX Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 75.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 257,183 shares of the apparel and home fashions retailer's stock after acquiring an additional 110,454 shares during the quarter. Benjamin Edwards Inc.'s holdings in TJX Companies were worth $38,963,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TJX. Swiss Life Asset Management Ltd lifted its position in TJX Companies by 9.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer's stock valued at $57,363,000 after purchasing an additional 32,407 shares during the last quarter. Danske Bank A S bought a new position in TJX Companies in the 2nd quarter worth about $829,000. J.Safra Asset Management Corp grew its position in 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 worth $1,045,000 after purchasing an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $2,559,000. Finally, Man Group plc bought a new stake in shares of TJX Companies during the second quarter valued at approximately $217,422,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE:TJX opened at $135.16 on Friday. 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 business's 50-day moving average price is $152.86 and its 200 day moving average price is $156.07. The TJX Companies, Inc. has a 52-week low of $133.55 and a 52-week high of $170.00. The firm has a market cap of $149.31 billion, a P/E ratio of 24.98, a PEG ratio of 2.61 and a beta of 0.62.

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 for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies's dividend payout ratio (DPR) is presently 35.49%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TJX. Gordon Haskett reissued an "accumulate" rating and issued a $155.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Barclays set a $188.00 target price on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, August 20th. Evercore reissued an "outperform" rating and issued a $173.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. JPMorgan Chase & Co. raised their price target on TJX Companies from $173.00 to $174.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Finally, Wells Fargo & Company reduced their price objective on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and an average target price of $172.84.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 29,549 shares of the company's 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 transaction, the chief executive officer owned 552,850 shares of the company's stock, valued at approximately $87,051,761. This represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction on Thursday, June 11th. The shares were 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 $135,209.18. This trade represents a 54.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by corporate insiders.

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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