Corient Private Wealth LP Buys Shares of 2,383,937 The TJX Companies, Inc. $TJX

Corient Private Wealth LP bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,383,937 shares of the apparel and home fashions retailer’s stock, valued at approximately $361,167,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Coston McIsaac & Partners grew its holdings in shares of TJX Companies by 11.3% during the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after purchasing an additional 64 shares during the last quarter. Kohmann Bosshard Financial Services LLC lifted its stake in TJX Companies by 11.0% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock valued at $106,000 after purchasing an additional 66 shares during the last quarter. HBW Advisory Services LLC boosted its position in TJX Companies by 5.1% in the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock valued at $206,000 after buying an additional 66 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in TJX Companies by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock valued at $859,000 after buying an additional 66 shares in the last quarter. Finally, Verde Capital Management grew its stake in shares of TJX Companies by 0.7% during the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock worth $1,539,000 after buying an additional 67 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 1.8%

Shares of TJX opened at $136.95 on Thursday. The stock’s 50-day moving average price is $154.02 and its two-hundred day moving average price is $156.37. The TJX Companies, Inc. has a 12 month low of $135.90 and a 12 month high of $170.00. The company has a market capitalization of $151.29 billion, a PE ratio of 25.31, a PEG ratio of 2.69 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 issued its quarterly earnings results 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 company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly 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, analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 35.49%.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Jefferies Financial Group cut TJX Companies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $180.00 to $145.00 in a report on Wednesday. Barclays set a $188.00 target price on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, UBS Group reissued a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.84.

More TJX Companies News

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

• Positive Sentiment: TJX’s latest quarter exceeded expectations, with earnings per share of $1.22 versus the $1.19 consensus and revenue of $15.18 billion, up 5.4% year over year. Management also raised or maintained a favorable outlook, forecasting fiscal 2027 EPS of $5.15 to $5.20. TJX Q2 2027 Earnings Call Transcript
• Positive Sentiment: HomeGoods and TJX’s international businesses delivered comparable-sales growth, while expanding margins and upward earnings-estimate revisions support the view that the recent selloff may be overextended. Technical indicators described the stock as oversold and potentially forming support. Bears are Losing Control Over TJX
• Positive Sentiment: J.P. Morgan remains bullish on TJX, and the average brokerage recommendation continues to indicate a Buy, potentially offering support after the recent decline. J.P. Morgan Remains a Buy on TJX Companies
• Neutral Sentiment: Discussion on CNBC’s “Calls of the Day” focused on TJX and broader retail and utility-sector investment ideas, but provided no clear new company-specific catalyst. Calls of the Day: TJX Companies and the XLU
• Negative Sentiment: Jefferies downgraded TJX from Buy to Hold with a $145 price target, saying weakness at the Marmaxx division appears more serious than a temporary merchandising issue. Ross Stores’ stronger performance is increasing competitive pressure. Jefferies Cuts TJX to Hold
• Negative Sentiment: Investors have not rewarded TJX’s earnings beat and improved guidance, with the stock down about 11% over the past month. The reaction suggests valuation and concerns about future comparable-sales momentum are offsetting the company’s current execution. TJX Just Dropped 11% in a Month

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the transaction, the chief executive officer owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by company insiders.

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.