The TJX Companies, Inc. $TJX Holdings Decreased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,128 shares of the apparel and home fashions retailer’s stock after selling 4,099 shares during the period. Braun Stacey Associates Inc.’s holdings in TJX Companies were worth $35,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in TJX Companies during the second quarter valued at approximately $16,489,926,000. Bank of America Corp DE purchased a new stake in TJX Companies in the 2nd quarter worth approximately $3,511,553,000. Norges Bank acquired a new stake in shares of TJX Companies during the 4th quarter valued at $2,211,975,000. Bank of New York Mellon Corp purchased a new position in shares of TJX Companies during the 2nd quarter valued at $1,598,731,000. Finally, Primecap Management Co. CA purchased a new position in shares of TJX Companies during the 2nd quarter valued at $1,435,617,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on TJX. BTIG Research reiterated a “buy” rating and set a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Evercore reaffirmed an “outperform” rating and issued a $173.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Barclays set a $188.00 price target on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Telsey Advisory Group boosted their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $172.84.

Insider Activity at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were 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. This represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,367 shares of company stock worth $20,959,476 in the last quarter. Insiders own 0.15% of the company’s stock.

TJX Companies Stock Up 0.7%

Shares of NYSE TJX opened at $135.16 on Friday. The stock has a market cap of $149.31 billion, a PE ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The TJX Companies, Inc. has a 52-week low of $133.55 and a 52-week high of $170.00. The business has a fifty day moving average of $152.86 and a two-hundred day moving average of $156.07.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business’s revenue was up 5.4% on a year-over-year basis. During the same period 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, equities research analysts expect that The TJX Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

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.