iSAM Funds UK Ltd Makes New Investment in The TJX Companies, Inc. $TJX

iSAM Funds UK Ltd purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,400 shares of the apparel and home fashions retailer’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenspring Advisors LLC boosted its holdings in TJX Companies by 6.9% during the 2nd quarter. Greenspring Advisors LLC now owns 4,661 shares of the apparel and home fashions retailer’s stock valued at $706,000 after acquiring an additional 299 shares during the period. Continuum Advisory LLC increased its stake in TJX Companies by 7.9% in the 2nd quarter. Continuum Advisory LLC now owns 7,576 shares of the apparel and home fashions retailer’s stock worth $1,148,000 after purchasing an additional 557 shares during the period. Nykredit A S purchased a new position in TJX Companies in the 2nd quarter worth approximately $75,967,000. B. Metzler seel. Sohn & Co. AG lifted its position in TJX Companies by 7.2% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 136,211 shares of the apparel and home fashions retailer’s stock valued at $20,636,000 after purchasing an additional 9,127 shares during the last quarter. Finally, Emergent Wealth Advisors LLC bought a new stake in TJX Companies in the second quarter valued at approximately $265,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

TJX stock opened at $131.44 on Thursday. The TJX Companies, Inc. has a 1 year low of $131.18 and a 1 year high of $170.00. The company has a market cap of $144.58 billion, a P/E ratio of 24.30, a PEG ratio of 2.41 and a beta of 0.60. The firm has a 50-day moving average of $150.94 and a 200 day moving average of $155.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the firm posted $1.10 EPS. The business’s revenue was up 5.4% on a year-over-year basis. 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, sell-side analysts forecast that The TJX Companies, Inc. will post 5.21 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. TJX Companies’s payout ratio is currently 35.49%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Telsey Advisory Group raised their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Gordon Haskett reiterated an “accumulate” rating and set a $155.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Robert W. Baird increased their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Finally, Guggenheim set a $152.00 price objective on shares of TJX Companies in a research report on Monday. Two research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.63.

Insider Transactions at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction 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 sale, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 72,818 shares of company stock valued at $11,873,731. Company 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.