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

Northwestern Mutual Wealth Management Co. grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 452,360 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,862 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in TJX Companies were worth $68,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies in the 4th quarter valued at about $26,000. IMG Wealth Management Inc. raised its stake in TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the period. Finally, Cetera Trust Company N.A bought a new position in TJX Companies in the second quarter worth approximately $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TJX shares. Guggenheim set a $152.00 price target on shares of TJX Companies in a research report on Monday. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $182.00 to $154.00 in a research note on Thursday, August 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research report on Tuesday, August 25th. Barclays set a $188.00 price objective on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $171.63.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 28,000 shares of TJX Companies stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $158.32, for a total transaction of $4,432,960.00. Following the completion of the sale, the chief executive officer directly owned 524,850 shares in the company, valued at $83,094,252. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 100,818 shares of company stock valued at $16,306,691 in the last quarter. 0.15% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $133.26 on Wednesday. The company has a market capitalization of $146.58 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.42 and a beta of 0.60. The business has a fifty day simple moving average of $151.62 and a two-hundred day simple moving average of $155.82. 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 TJX Companies, Inc. has a 1 year low of $133.04 and a 1 year high of $170.00.

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. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $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, analysts expect that The TJX Companies, Inc. will post 5.21 earnings per share for the current year.

TJX Companies Dividend Announcement

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

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.