DJE Kapital AG raised its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 14.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,016,414 shares of the apparel and home fashions retailer’s stock after buying an additional 131,882 shares during the period. TJX Companies makes up 4.4% of DJE Kapital AG’s portfolio, making the stock its 4th biggest holding. DJE Kapital AG’s holdings in TJX Companies were worth $158,032,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Principal Securities Inc. raised its position in TJX Companies by 18.3% in the fourth quarter. Principal Securities Inc. now owns 60,498 shares of the apparel and home fashions retailer’s stock valued at $9,293,000 after purchasing an additional 9,354 shares during the last quarter. Connecticut Wealth Management LLC raised its position in TJX Companies by 0.9% in the fourth quarter. Connecticut Wealth Management LLC now owns 17,721 shares of the apparel and home fashions retailer’s stock valued at $2,722,000 after purchasing an additional 161 shares during the last quarter. Peterson Wealth Services raised its position in TJX Companies by 116.2% in the fourth quarter. Peterson Wealth Services now owns 4,087 shares of the apparel and home fashions retailer’s stock valued at $628,000 after purchasing an additional 2,197 shares during the last quarter. Fox Hill Wealth Management raised its position in TJX Companies by 6.6% in the fourth quarter. Fox Hill Wealth Management now owns 27,238 shares of the apparel and home fashions retailer’s stock valued at $4,184,000 after purchasing an additional 1,696 shares during the last quarter. Finally, RKL Wealth Management LLC raised its position in TJX Companies by 6.3% in the fourth quarter. RKL Wealth Management LLC now owns 2,417 shares of the apparel and home fashions retailer’s stock valued at $371,000 after purchasing an additional 143 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Trading Up 0.2%
Shares of TJX stock opened at $168.02 on Friday. The company has a market cap of $185.61 billion, a P/E ratio of 32.63, a PEG ratio of 3.63 and a beta of 0.62. The stock has a 50 day simple moving average of $157.49 and a two-hundred day simple moving average of $155.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $170.00.
TJX Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 37.28%.
Insider Buying and Selling at TJX Companies
In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chairman owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This trade represents a 21.63% 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, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the sale, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 129,410 shares of company stock valued at $20,798,135. Company insiders own 0.13% of the company’s stock.
TJX Companies News Summary
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: Analysts remain upbeat on TJX, with Erste Group Bank raising FY2027 and FY2028 earnings estimates, reinforcing the view that the off-price retailer can keep growing profits. Erste Group Bank estimate increase
- Positive Sentiment: TJX continues to benefit from strong fundamentals, including a recent earnings beat, 9.2% revenue growth, and management’s raised margin outlook and buyback plans, which support the case for further upside. TJX earnings and outlook
- Positive Sentiment: The company also declared a quarterly dividend of $0.48 per share, signaling continued cash generation and shareholder returns. TJX quarterly dividend announcement
- Positive Sentiment: Commentary around TJX’s strong growth profile and market share gains from department stores added to the bullish narrative around the stock. TJX attracting investor attention
- Positive Sentiment: Reports highlighting TJX hitting a 52-week high reflect continued momentum and investor confidence in the company’s defensive off-price model. TJX hit a 52-week high
- Neutral Sentiment: Shareholders reapproved the board, auditor, and executive pay at the annual meeting, a routine governance outcome with little direct near-term impact on the stock. TJX shareholders reaffirm board, auditor and executive pay
- Neutral Sentiment: A recent chairman share sale may get attention, but it appears to be a relatively small insider transaction versus TJX’s large market capitalization and strong operational backdrop. TJX insider selling alert
Analyst Ratings Changes
Several equities analysts have commented on TJX shares. BTIG Research increased their target price on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Truist Financial set a $190.00 price target on TJX Companies and gave the company a “buy” rating in a research note 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. Barclays reissued an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, UBS Group reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $174.58.
View Our Latest Stock Analysis on TJX Companies
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.
Featured Articles
- Five stocks we like better than TJX Companies
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX – Free Report).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.
