VIRGINIA RETIREMENT SYSTEMS ET Al Invests $49.68 Million in The TJX Companies, Inc. $TJX

Key Points

• Virginia Retirement Systems initiated a $49.68 million position in TJX Companies, purchasing 327,900 shares during the second quarter. Institutional investors and hedge funds collectively own 91.09% of the stock.
• TJX reported quarterly EPS of $1.22, beating estimates of $1.19, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a quarterly dividend of $0.48 per share, equivalent to a 1.5% yield.
• Analysts maintain a generally positive outlook, with TJX holding a consensus “Moderate Buy” rating and an average price target of $171.63, despite the stock trading near its 12-month low at $132.09.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 327,900 shares of the apparel and home fashions retailer's stock, valued at approximately $49,677,000.

Other hedge funds also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd raised its position in TJX Companies by 9.5% during the 4th 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 buying an additional 32,407 shares during the last quarter. Danske Bank A S acquired a new stake in shares of TJX Companies in the second quarter worth $829,000. J.Safra Asset Management Corp increased its stake in shares of TJX Companies by 78.3% in the fourth 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 acquiring an additional 2,989 shares during the period. Bluedoor Private Wealth LLC purchased a new position in shares of TJX Companies during the fourth quarter worth $2,559,000. Finally, Man Group plc purchased a new position in shares of TJX Companies during the second quarter worth $217,422,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.0%

TJX Companies stock opened at $132.09 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The stock has a market capitalization of $145.30 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The business has a 50 day simple moving average of $150.02 and a 200-day simple moving average of $155.34. The TJX Companies, Inc. has a 12 month low of $130.15 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the firm posted $1.10 EPS. The business's revenue was up 5.4% on a year-over-year basis. 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. On average, analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. TJX Companies's dividend payout ratio (DPR) is presently 35.49%.

Insider Activity

In related news, Director Jackwyn Nemerov sold 957 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on TJX shares. Robert W. Baird upped their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Sanford C. Bernstein reiterated an "outperform" rating and set a $175.00 price objective on shares of TJX Companies in a research note on Tuesday, August 25th. Wells Fargo & Company decreased their price objective on TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company 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 note on Tuesday, July 21st. Finally, Telsey Advisory Group lifted their price target on TJX Companies from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.63.

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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