HighTower Advisors LLC Decreases Holdings in The TJX Companies, Inc. $TJX

HighTower Advisors LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,375,797 shares of the apparel and home fashions retailer’s stock after selling 56,653 shares during the period. HighTower Advisors LLC’s holdings in TJX Companies were worth $208,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. California State Teachers Retirement System increased its holdings in TJX Companies by 15,228.3% during the second quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer’s stock worth $39,204,692,000 after buying an additional 257,088,620 shares during the last quarter. BlackRock Inc. purchased a new position in TJX Companies in the second quarter valued at about $16,489,926,000. Geode Capital Management LLC boosted its stake in TJX Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after acquiring an additional 673,690 shares during the last quarter. Bank of America Corp DE grew its position in shares of TJX Companies by 2.0% during the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock valued at $3,935,630,000 after acquiring an additional 495,989 shares during the period. Finally, Capital International Investors grew its position in shares of TJX Companies by 2.0% during the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after acquiring an additional 308,408 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX opened at $132.09 on Monday. The company has a market capitalization of $145.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60. 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 firm has a 50-day moving average price of $150.02 and a 200-day moving average price of $155.34. The TJX Companies, Inc. has a twelve month low of $130.15 and a twelve month high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. 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 expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. TJX Companies’s payout ratio is presently 35.49%.

Insiders Place Their Bets

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’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 completion of the transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction on Thursday, June 11th. The shares were 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research analyst reports. Guggenheim set a $152.00 price target on shares of TJX Companies in a research note on Monday, August 31st. Telsey Advisory Group upped their price objective on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $182.00 to $154.00 in a report on Thursday, August 20th. UBS Group reissued a “buy” rating and issued a $198.00 target price (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Truist Financial set a $190.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.63.

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.