Saudi Central Bank Raises Stock Holdings in The TJX Companies, Inc. $TJX

Saudi Central Bank boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 89.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,477 shares of the apparel and home fashions retailer’s stock after buying an additional 36,488 shares during the quarter. Saudi Central Bank’s holdings in TJX Companies were worth $11,738,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Coston McIsaac & Partners increased its position in shares of TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 64 shares during the period. Kohmann Bosshard Financial Services LLC boosted its holdings in shares of TJX Companies by 11.0% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after purchasing an additional 66 shares during the period. HBW Advisory Services LLC boosted its holdings in shares of TJX Companies by 5.1% during the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock worth $206,000 after purchasing an additional 66 shares during the period. Hohimer Wealth Management LLC grew its stake in shares of 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 worth $859,000 after purchasing an additional 66 shares during the last quarter. Finally, Verde Capital Management grew its stake in shares of TJX Companies by 0.7% in 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 purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction 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 sale, the director directly owned 802 shares in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.15% of the stock is owned by corporate insiders.

TJX Companies Price Performance

NYSE TJX opened at $132.09 on Friday. The TJX Companies, Inc. has a one year low of $130.15 and a one year high of $170.00. The stock has a 50-day moving average of $150.02 and a 200 day moving average of $155.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The company has a market capitalization of $145.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. 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, sell-side analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. TJX Companies’s payout ratio is presently 35.49%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research report on Tuesday, August 25th. Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Truist Financial set a $190.00 target price on TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Barclays set a $188.00 price target on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.63.

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.