The TJX Companies, Inc. $TJX Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.3% in the second quarter, Holdings Channel reports. The firm owned 340,295 shares of the apparel and home fashions retailer’s stock after buying an additional 10,969 shares during the period. Van ECK Associates Corp’s holdings in TJX Companies were worth $51,555,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd boosted its holdings in TJX Companies by 9.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after purchasing an additional 32,407 shares during the last quarter. Danske Bank A S purchased a new position in shares of TJX Companies during the second quarter worth $829,000. J.Safra Asset Management Corp grew its position in TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after acquiring an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $2,559,000. Finally, Man Group plc acquired a new position in shares of TJX Companies in the second quarter worth $217,422,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the sale, the chief financial officer owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Gordon Haskett reissued an “accumulate” rating and issued a $155.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Sanford C. Bernstein reiterated an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research note on Tuesday. Wells Fargo & Company cut their price target 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. Finally, Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $180.00 to $145.00 in a report on Wednesday. Two investment 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 stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $172.84.

TJX Companies Trading Up 0.7%

NYSE TJX opened at $135.16 on Friday. 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 stock has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.61 and a beta of 0.62. The TJX Companies, Inc. has a 52-week low of $133.55 and a 52-week high of $170.00. The firm has a 50-day moving average price of $152.86 and a 200 day moving average price of $156.07.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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. Equities research analysts expect that The TJX Companies, Inc. will post 5.21 EPS for the current year.

TJX Companies Announces Dividend

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

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.