Canandaigua National Bank & Trust Co. Makes New Investment in The TJX Companies, Inc. $TJX

Canandaigua National Bank & Trust Co. bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,992 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,695,000.

Several other hedge funds also recently modified their holdings of TJX. Norges Bank purchased a new stake in TJX Companies in the 4th quarter valued at $2,211,975,000. Diamant Asset Management Inc. grew its stake in shares of TJX Companies by 15,998.0% in the 1st quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock worth $603,663,000 after acquiring an additional 3,756,502 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. Amundi raised its holdings in shares of TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock valued at $1,391,822,000 after purchasing an additional 1,761,281 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of TJX Companies by 57.3% during the fourth quarter. AQR Capital Management LLC now owns 4,814,467 shares of the apparel and home fashions retailer’s stock valued at $739,550,000 after purchasing an additional 1,753,155 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 29,549 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the sale, the chief executive officer directly owned 552,850 shares in the company, valued at approximately $87,051,761. The trade was a 5.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction dated 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 sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Truist Financial set a $190.00 target price on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Robert W. Baird upped their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Citigroup reiterated a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, BTIG Research upped their price objective on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, TJX Companies has a consensus rating of “Buy” and a consensus target price of $176.89.

TJX Companies Stock Performance

Shares of TJX opened at $157.45 on Wednesday. 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 firm has a market cap of $173.93 billion, a PE ratio of 30.57, a PEG ratio of 3.41 and a beta of 0.62. The TJX Companies, Inc. has a 1 year low of $128.48 and a 1 year high of $170.00. The stock’s fifty day moving average price is $157.52 and its two-hundred day moving average price is $156.67.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. 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, equities research analysts forecast that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 37.28%.

More TJX Companies News

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

• Positive Sentiment: High expectations for another earnings beat: TJX has a strong history of exceeding analyst estimates, and recent coverage identifies earnings estimate revisions and the company’s surprise track record as potential support for its next quarterly report. Will TJX Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Momentum and analyst support remain favorable: TJX is being highlighted as a long-term momentum stock, while Wall Street analysts remain bullish after the retailer outperformed the broader market over the past year. Its off-price model, including value-oriented merchandise and a store experience that online retailers may struggle to replicate, is viewed as a competitive advantage. TJX Companies Stock: Analyst Estimates and Ratings TJX Positioned to Benefit From Retail Experience
• Positive Sentiment: Recent fundamentals provide a favorable backdrop: TJX’s latest reported quarter exceeded expectations, with revenue up 9.2% year over year and EPS of $1.19 versus a $1.02 consensus estimate. That performance supports the current bullish narrative and expectations for continued growth.
• Neutral Sentiment: Industry outlook is constructive but broad: TJX was included in a retail industry outlook alongside Ross Stores, Target and Dollar Tree. The coverage reinforces interest in value-oriented retailers but does not introduce a new company-specific development. Zacks Industry Outlook
• Neutral Sentiment: Former TJX executive joins Petco’s board: Petco appointed former TJX CFO Jeffrey Naylor as a director and audit committee chair. The move is unlikely to materially affect TJX’s valuation or near-term trading. Petco Appoints Jeffrey Naylor to Board

About TJX Companies

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.