iSAM Funds UK Ltd Buys Shares of 4,400 The TJX Companies, Inc. $TJX

iSAM Funds UK Ltd bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, Holdings Channel reports. The firm bought 4,400 shares of the apparel and home fashions retailer’s stock, valued at approximately $667,000.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TJX. JPMorgan Chase & Co. lifted their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Guggenheim set a $152.00 target price on shares of TJX Companies in a report on Monday. Finally, Barclays set a $188.00 target price on shares of TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.63.

TJX Companies Stock Down 1.4%

TJX stock opened at $131.44 on Thursday. The stock has a market capitalization of $144.58 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.41 and a beta of 0.60. 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 $131.18 and a 1-year high of $170.00. The business has a fifty day moving average price of $150.94 and a 200-day moving average price of $155.66.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period last year, the firm posted $1.10 earnings per share. TJX Companies’s revenue was up 5.4% compared to the same quarter last year. 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. Equities analysts forecast that The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the transaction, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 72,818 shares of company stock worth $11,873,731. 0.15% of the stock is owned by insiders.

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.