Northwestern Mutual Wealth Management Co. Acquires 11,862 Shares of The TJX Companies, Inc. $TJX

Northwestern Mutual Wealth Management Co. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 452,360 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,862 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in TJX Companies were worth $68,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in TJX Companies in the second quarter worth about $16,489,926,000. Bank of America Corp DE bought a new position in shares of TJX Companies in the 2nd quarter valued at about $3,511,553,000. Norges Bank bought a new position in shares of TJX Companies in the 4th quarter valued at about $2,211,975,000. Bank of New York Mellon Corp acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $1,598,731,000. Finally, Primecap Management Co. CA bought a new stake in shares of TJX Companies during the second quarter worth approximately $1,435,617,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were 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 $10,330,597.89. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares in the company, valued at $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 sold 100,818 shares of company stock worth $16,306,691 in the last ninety days. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. BTIG Research reaffirmed a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. UBS Group reissued a “buy” rating and issued a $198.00 price target (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Gordon Haskett restated an “accumulate” rating and issued a $155.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Guggenheim set a $152.00 price objective on TJX Companies in a research note on Monday. Finally, Evercore reiterated an “outperform” rating and issued a $173.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $171.63.

TJX Companies Price Performance

NYSE:TJX opened at $133.26 on Wednesday. The firm has a fifty day simple moving average of $151.62 and a 200 day simple moving average of $155.82. The stock has a market capitalization of $146.58 billion, a PE ratio of 24.63, a P/E/G ratio of 2.42 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1-year low of $133.04 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX) last issued 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. 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 revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, research analysts expect that The TJX Companies, Inc. will post 5.21 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 35.49%.

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.