PDT Partners LLC Takes Position in The TJX Companies, Inc. $TJX

PDT Partners LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,196 shares of the apparel and home fashions retailer’s stock, valued at approximately $10,483,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $16,489,926,000. Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $2,211,975,000. Bank of New York Mellon Corp acquired a new position in shares of TJX Companies in the 2nd quarter valued at $1,598,731,000. Deutsche Bank AG acquired a new position in shares of TJX Companies in the 2nd quarter valued at $866,901,000. Finally, Legal & General Group Plc purchased a new stake in TJX Companies during the second quarter worth $807,303,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.8%

TJX stock opened at $139.54 on Wednesday. The stock has a market capitalization of $154.15 billion, a P/E ratio of 25.79, a P/E/G ratio of 2.71 and a beta of 0.62. The firm has a 50-day simple moving average of $154.57 and a 200-day simple moving average of $156.50. 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 TJX Companies, Inc. has a 52 week low of $134.74 and a 52 week high of $170.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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 net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the company posted $1.10 EPS. TJX Companies’s quarterly revenue 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 analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 paid 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 dividend yield of 1.4%. TJX Companies’s payout ratio is currently 35.49%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BTIG Research restated a “buy” rating and set a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. UBS Group reiterated a “buy” rating and issued a $198.00 price objective (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Telsey Advisory Group raised their target price on 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 dropped their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 20th. Finally, Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $182.00 to $154.00 in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $172.84.

Insider Transactions at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the firm’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 transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on Tuesday, June 9th. The stock was 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. This trade represents a 21.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 130,367 shares of company stock valued at $20,959,476. Insiders own 0.15% of the company’s stock.

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.