Castleark Management LLC Purchases New Holdings in The TJX Companies, Inc. $TJX

Castleark Management LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 90,620 shares of the apparel and home fashions retailer’s stock, valued at approximately $13,729,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Osterweis Capital Management Inc. purchased a new position in shares of TJX Companies during the second quarter valued at approximately $167,000. Nicholas Investment Partners LP bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $5,900,000. Legal & General Group Plc bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $807,303,000. The Manufacturers Life Insurance Company purchased a new stake in shares of TJX Companies in the 2nd quarter worth approximately $131,670,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of TJX Companies in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $139.54 on Wednesday. The stock has a market capitalization of $154.15 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The TJX Companies, Inc. has a 12-month low of $134.74 and a 12-month high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $154.57 and its 200 day simple moving average is $156.50.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business 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, research analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

Insiders Place Their Bets

In other TJX Companies 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 transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note 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. 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. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $174.16.

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.