The TJX Companies, Inc. $TJX Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Key Points

• Commonwealth of Pennsylvania Public School Employees’ Retirement System reduced its TJX Companies stake by 5.6% in the second quarter, selling 14,431 shares and retaining 244,244 shares worth approximately $37 million. Institutional investors collectively own 91.09% of TJX.
• Analysts remain broadly bullish, with two Strong Buy ratings, 18 Buy ratings and one Hold rating. TJX has an average price target of $177.94, above its recent $152 share price.
• TJX exceeded quarterly expectations with EPS of $1.19 versus $1.02 expected and revenue of $14.32 billion, up 9.2% year over year. The company also declared a quarterly dividend of $0.48 per share, equivalent to a 1.3% yield.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 244,244 shares of the apparel and home fashions retailer's stock after selling 14,431 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in TJX Companies were worth $37,003,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TJX. Cidel Asset Management Inc. boosted its holdings in TJX Companies by 3.3% in the second quarter. Cidel Asset Management Inc. now owns 4,541 shares of the apparel and home fashions retailer's stock valued at $688,000 after purchasing an additional 147 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in TJX Companies by 6.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer's stock valued at $36,574,000 after purchasing an additional 14,878 shares in the last quarter. MinichMacGregor Wealth Management LLC increased its holdings in TJX Companies by 8.1% during the 2nd quarter. MinichMacGregor Wealth Management LLC now owns 46,731 shares of the apparel and home fashions retailer's stock worth $7,080,000 after purchasing an additional 3,487 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in TJX Companies during the 2nd quarter worth approximately $2,594,000. Finally, BCS Wealth Management acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $206,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on TJX. Robert W. Baird increased their target price on TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. BTIG Research lifted their price target on shares of TJX Companies from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $173.00 to $174.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Evercore reissued an "outperform" rating and set a $175.00 price objective on shares of TJX Companies in a report on Thursday, May 21st. Finally, Wells Fargo & Company reissued an "outperform" rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and an average target price of $177.94.

TJX Companies Stock Down 1.2%

TJX Companies stock opened at $152.00 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a one year low of $132.01 and a one year high of $170.00. The company has a 50-day simple moving average of $157.63 and a 200-day simple moving average of $156.73. The firm has a market capitalization of $167.91 billion, a P/E ratio of 29.51, a P/E/G ratio of 3.28 and a beta of 0.62.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. TJX Companies's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 5.19 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's payout ratio is 37.28%.

Insiders Place Their Bets

In other news, CFO John Klinger sold 6,235 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer directly owned 64,257 shares in the company, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the transaction, the chief executive officer directly owned 514,848 shares of the company's stock, valued at $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is currently owned by corporate insiders.

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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