The TJX Companies, Inc. $TJX Shares Bought by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 82.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,903 shares of the apparel and home fashions retailer's stock after buying an additional 9,417 shares during the quarter. Sigma Planning Corp's holdings in TJX Companies were worth $3,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. acquired a new position in TJX Companies during the second quarter valued at $16,489,926,000. Geode Capital Management LLC boosted its holdings in TJX Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer's stock valued at $4,134,174,000 after purchasing an additional 673,690 shares during the last quarter. Bank of America Corp DE grew its position in TJX Companies by 2.0% during the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer's stock worth $3,935,630,000 after purchasing an additional 495,989 shares during the period. Capital International Investors grew its position in TJX Companies by 2.0% during the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer's stock worth $2,455,911,000 after purchasing an additional 308,408 shares during the period. Finally, Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter valued at about $2,211,975,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore reissued an "outperform" rating and issued a $173.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, August 20th. Wall Street Zen downgraded TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. JPMorgan Chase & Co. upped their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a research report on Monday, May 18th. Finally, Telsey Advisory Group raised their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $172.84.

TJX Companies Trading Up 0.0%

TJX stock opened at $135.16 on Monday. The TJX Companies, Inc. has a 52-week low of $133.55 and a 52-week 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 firm has a market cap of $149.31 billion, a P/E ratio of 24.98, a PEG ratio of 2.44 and a beta of 0.62. The company's 50-day simple moving average is $152.86 and its 200-day simple moving average is $156.07.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.TJX Companies's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities analysts forecast that The TJX Companies, Inc. will post 5.21 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies's payout ratio is 35.49%.

Insiders Place Their Bets

In related news, Director Jackwyn Nemerov sold 957 shares of TJX Companies 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 approximately $135,209.18. This trade represents a 54.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the business's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the sale, the chief executive officer directly owned 514,848 shares of the company's stock, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,367 shares of company stock valued at $20,959,476 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

TJX Companies Company 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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