Illinois Municipal Retirement Fund Buys 35,162 Shares of The TJX Companies, Inc. $TJX

Illinois Municipal Retirement Fund boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 312,447 shares of the apparel and home fashions retailer’s stock after buying an additional 35,162 shares during the period. TJX Companies makes up approximately 0.6% of Illinois Municipal Retirement Fund’s holdings, making the stock its 19th largest holding. Illinois Municipal Retirement Fund’s holdings in TJX Companies were worth $47,995,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in 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 acquiring an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new position in shares of TJX Companies during the 4th quarter worth about $26,000. IMG Wealth Management Inc. boosted its stake in shares of TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares during the period. Joseph Group Capital Management bought a new position in TJX Companies during the 4th quarter valued at about $27,000. Finally, Miller Global Investments LLC bought a new position in TJX Companies during the 4th quarter valued at about $28,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company reissued an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Evercore restated an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Citigroup reissued a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Buy” and an average target price of $174.58.

Insider Buying and Selling at TJX Companies

In other news, CFO John Klinger sold 6,235 shares of the stock in a transaction dated 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 directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the transaction, the chief executive officer owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 129,410 shares of company stock worth $20,798,135. 0.13% of the stock is currently owned by insiders.

Trending Headlines about TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Wall Street commentary remained constructive, with analysts and media coverage highlighting TJX’s ability to keep gaining market share from department stores and its strong value-and-selection proposition. TJX Positioned for Continued Market Share Gains From Department Stores, UBS Says
• Positive Sentiment: The company announced a quarterly dividend of $0.48 per share, reinforcing its cash-generation profile and shareholder-friendly capital return policy. The TJX Companies, Inc. Announces Quarterly Common Stock Dividend
• Positive Sentiment: Recent reporting also pointed to stronger-than-expected comparable sales, suggesting continued demand for TJX’s off-price formats even as other retailers work through excess inventory. Will Stronger-Than-Expected Comps and New Debt Shelf Shape TJX Companies’ (TJX) Investment Narrative?
• Neutral Sentiment: Articles questioning whether TJX is a “buy” based on average analyst recommendations were largely opinion-driven and did not include a major new rating change. Is TJX (TJX) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: A recent insider sale by Chairman Carol Meyrowitz may attract some attention, but insider sales are often interpreted cautiously and do not necessarily signal a deterioration in the business. Chairman Carol Meyrowitz sold shares

TJX Companies Stock Up 1.8%

NYSE:TJX opened at $167.81 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $167.92. The company has a market cap of $185.38 billion, a PE ratio of 32.58, a P/E/G ratio of 3.58 and a beta of 0.62. The company’s 50 day moving average is $157.32 and its two-hundred day moving average is $155.88.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Analysts anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s payout ratio is currently 37.28%.

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.