Rakuten Investment Management Inc. Buys Shares of 180,925 The TJX Companies, Inc. $TJX

Rakuten Investment Management Inc. purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 180,925 shares of the apparel and home fashions retailer’s stock, valued at approximately $27,361,000.

Several other institutional investors have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its holdings in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 89 shares during the last quarter. Entrust Financial LLC bought a new position in TJX Companies in the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new position in TJX Companies in the 4th quarter worth approximately $26,000. Imprint Wealth LLC acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. increased its position in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 69 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

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

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. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the firm posted $1.10 earnings per share. The firm’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. On average, analysts forecast that The TJX Companies, Inc. will post 5.2 earnings per share for the current year.

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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is presently 35.49%.

Insider Activity

In other news, Director Jackwyn Nemerov sold 957 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on TJX. JPMorgan Chase & Co. boosted their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Telsey Advisory Group raised their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Erste Group Bank downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Gordon Haskett reiterated an “accumulate” rating and issued a $155.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.84.

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.