OP Asset Management Ltd Takes $26.91 Million Position in The TJX Companies, Inc. $TJX

OP Asset Management Ltd bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 168,508 shares of the apparel and home fashions retailer’s stock, valued at approximately $26,911,000.

Other large investors have also made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the period. Dogwood Wealth Management LLC lifted its position in TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 92 shares during the period. Entrust Financial LLC acquired a new position in TJX Companies during the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies in the 4th quarter valued at about $26,000. Finally, GGM Financials LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of the firm’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 sale, the chief executive officer directly owned 552,850 shares in the company, valued at $87,051,761. The trade was a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock worth $20,959,476 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $165.35 on Thursday. The stock has a market cap of $182.66 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 3.56 and a beta of 0.62. The stock has a 50-day moving average of $158.22 and a 200-day moving average of $156.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $170.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $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, sell-side analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is currently 37.28%.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Robert W. Baird lifted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Telsey Advisory Group upped their target price on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wells Fargo & Company reissued an “outperform” rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Truist Financial set a $190.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $174.58.

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.