Nissay Asset Management Corp Japan Acquires 5,687 Shares of The TJX Companies, Inc. $TJX

Nissay Asset Management Corp Japan raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 155,537 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,687 shares during the period. Nissay Asset Management Corp Japan’s holdings in TJX Companies were worth $23,564,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC raised its stake in TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after buying an additional 955 shares in the last quarter. United Bank lifted its holdings in TJX Companies by 7.6% during the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after buying an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. purchased a new stake in TJX Companies during the second quarter worth $244,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock valued at $20,959,476 over the last three months. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TJX. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a report on Tuesday. Robert W. Baird upped their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. BTIG Research reaffirmed a “buy” rating and set a $190.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, UBS Group reissued a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Two 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 company. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $172.84.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $135.16 on Friday. The firm has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $152.86 and a 200 day moving average price of $156.07. The TJX Companies, Inc. has a 52 week low of $133.55 and a 52 week high of $170.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.2 EPS for the current year.

TJX Companies Announces Dividend

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

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.