Park National Corp OH Cuts Stock Position in The TJX Companies, Inc. $TJX

Park National Corp OH lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,531 shares of the apparel and home fashions retailer’s stock after selling 3,605 shares during the period. TJX Companies makes up about 1.3% of Park National Corp OH’s investment portfolio, making the stock its 15th largest position. Park National Corp OH’s holdings in TJX Companies were worth $41,128,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TJX. Vanguard Group Inc. increased its holdings in shares of TJX Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock worth $15,780,919,000 after buying an additional 771,882 shares during the last quarter. Geode Capital Management LLC raised its position in shares of TJX Companies by 2.6% during the 4th 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 buying an additional 673,690 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of TJX Companies by 2.0% in 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 last quarter. Capital International Investors lifted its holdings in shares of TJX Companies by 2.0% in 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 last quarter. Finally, Norges Bank purchased a new position in TJX Companies in the fourth quarter worth about $2,211,975,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director directly owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Klinger sold 6,235 shares of the company’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 completion of the sale, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 130,367 shares of company stock valued at $20,959,476. Company insiders own 0.15% of the company’s stock.

Trending Headlines about TJX Companies

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

• Positive Sentiment: TJX remains a standout off-price retailer, with same-store sales up 6% in the latest quarter and strength across its major banners. Management also sees room for more than 1,800 additional stores, including expansion in home furnishings, which supports a longer growth runway.
• Positive Sentiment: The company’s cash flow is supporting share buybacks and dividend growth, which can boost shareholder returns and help offset share count dilution over time. 3 Retail Winners Using Cash Flow to Stay Ahead (TJX)
• Positive Sentiment: Recent articles also emphasize TJX’s consistent execution, including record earnings, rising same-store sales, and an expanding international strategy as Ernie Herrman pushes the business beyond the U.S.
• Neutral Sentiment: Analysts and market commentators are comparing TJX’s reliable performance with its premium valuation, suggesting the stock may already reflect much of the company’s strong fundamentals. TJX Is a Reliable Off-Price Retailer, But for Investors, Is the Premium Too High?
• Neutral Sentiment: Another update noted TJX was up about 4% since its last earnings report and is being watched to see whether earnings estimates keep moving higher, which could influence the stock’s next move. TJX (TJX) Up 4% Since Last Earnings Report: Can It Continue?

Analyst Ratings Changes

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

TJX Companies Price Performance

TJX Companies stock opened at $163.81 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The stock has a market cap of $180.96 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 3.55 and a beta of 0.62. The firm has a 50-day moving average of $158.04 and a two-hundred day moving average of $156.53. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period last year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. 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. On average, research analysts forecast that The TJX Companies, Inc. will post 5.17 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 issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

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.