EFG International AG Buys New Position in The TJX Companies, Inc. $TJX

EFG International AG purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,611 shares of the apparel and home fashions retailer’s stock, valued at approximately $18,885,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Swiss Life Asset Management Ltd boosted its position in TJX Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after purchasing an additional 32,407 shares during the last quarter. Danske Bank A S purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $829,000. J.Safra Asset Management Corp increased its position in shares of TJX Companies by 78.3% during the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after purchasing an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $2,559,000. Finally, BNP Paribas raised its stake in shares of TJX Companies by 346.0% during the 4th quarter. BNP Paribas now owns 11,626 shares of the apparel and home fashions retailer’s stock worth $1,786,000 after purchasing an additional 9,019 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the sale, the chief executive officer owned 552,850 shares in the company, valued at $87,051,761. The trade was a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock worth $20,959,476 over the last three months. Company insiders own 0.15% of the company’s stock.

TJX Companies Stock Down 0.8%

Shares of NYSE TJX opened at $139.54 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The stock has a market capitalization of $154.15 billion, a PE ratio of 25.79, a P/E/G ratio of 2.71 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $134.74 and a one year high of $170.00. The business’s fifty day moving average price is $154.57 and its 200-day moving average price is $156.50.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping 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 analyst estimates of $15.16 billion. During the same quarter last year, the firm posted $1.10 EPS. The firm’s revenue for the quarter 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, equities research analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TJX shares. Sanford C. Bernstein restated an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research report on Tuesday. Evercore reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. UBS Group reissued a “buy” rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Erste Group Bank lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $174.16.

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.