Saturna Capital Corp Has $194.86 Million Holdings in The TJX Companies, Inc. $TJX

Saturna Capital Corp lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,220,155 shares of the apparel and home fashions retailer’s stock after selling 8,394 shares during the period. TJX Companies comprises about 2.7% of Saturna Capital Corp’s investment portfolio, making the stock its 10th largest position. Saturna Capital Corp’s holdings in TJX Companies were worth $194,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TJX. PNC Financial Services Group Inc. lifted its position in TJX Companies by 5.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,155,713 shares of the apparel and home fashions retailer’s stock valued at $344,267,000 after acquiring an additional 113,974 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in TJX Companies during the first quarter valued at $500,000. HORAN Wealth LLC boosted its holdings in TJX Companies by 99.5% in the first quarter. HORAN Wealth LLC now owns 70,658 shares of the apparel and home fashions retailer’s stock worth $11,245,000 after acquiring an additional 35,240 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in TJX Companies by 1.4% in the first quarter. Baader Bank Aktiengesellschaft now owns 8,426 shares of the apparel and home fashions retailer’s stock worth $1,338,000 after acquiring an additional 116 shares in the last quarter. Finally, Burling Wealth Partners LLC grew its position in TJX Companies by 4.3% during the 1st quarter. Burling Wealth Partners LLC now owns 47,754 shares of the apparel and home fashions retailer’s stock valued at $7,626,000 after purchasing an additional 1,974 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BTIG Research upped their price target on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Telsey Advisory Group upped their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Erste Group Bank lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and a consensus price target of $176.89.

Insiders Place Their Bets

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock worth $20,959,476 in the last three months. Company insiders own 0.15% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $155.00 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a 1 year low of $123.78 and a 1 year high of $170.00. The stock’s 50-day moving average is $156.77 and its two-hundred day moving average is $156.55. The firm has a market cap of $171.23 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 3.37 and a beta of 0.63.

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 analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. 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. Analysts predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

The firm 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. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s payout ratio is 37.28%.

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.