3,589 Shares in The TJX Companies, Inc. $TJX Acquired by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,589 shares of the apparel and home fashions retailer’s stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kelman Lazarov Inc. bought a new stake in TJX Companies in the 2nd quarter valued at about $216,000. Kentucky Farm Bureau Mutual Insurance Co bought a new position in shares of TJX Companies during the second quarter worth approximately $3,329,000. West Family Investments Inc. acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $779,000. Tacita Capital Inc bought a new stake in shares of TJX Companies in the second quarter valued at approximately $67,000. Finally, Knuff & Co LLC acquired a new stake in TJX Companies during the second quarter worth approximately $464,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

More TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX reported revenue of $15.18 billion and adjusted EPS of $1.22, surpassing consensus estimates of $15.16 billion and $1.19, respectively. Comparable-store sales increased 4%, while adjusted earnings rose 11% year over year. TJX beats Q2 expectations despite self-inflicted apparel slump
• Positive Sentiment: Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations, supporting the company’s longer-term growth outlook. TJX outlines 7,500-store target while raising FY2027 EPS
• Positive Sentiment: Winners, Marshalls and HomeSense are reportedly gaining significant market share in Canada, while HomeGoods and international operations also provided important sources of strength. TJX says Canadian banners are gaining market share
• Neutral Sentiment: Some analysts view the post-earnings sell-off as a buying opportunity, with BTIG reaffirming a Buy rating and a $190 price target; UBS characterized the Marmaxx weakness as potentially isolated. A rare stumble at TJX has Wall Street spooked
• Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls in the United States, delivered a disappointing comparable-sales performance. Management blamed merchandising and apparel-mix mistakes, but analysts also cited tougher off-price competition and consumer resistance to price increases. TJX blames merchandising missteps for rare US miss
• Negative Sentiment: Fiscal third-quarter guidance fell short of expectations, increasing concerns about near-term margin pressure and execution. Citi downgraded TJX to Neutral, while Wells Fargo cut its price target to $140 and assigned an Equal Weight rating. TJX Q2 beat but Marmaxx lags and Q3 guidance falls short

TJX Companies Stock Down 0.1%

Shares of TJX opened at $140.58 on Friday. The stock’s 50-day moving average price is $155.63 and its two-hundred day moving average price is $156.64. The TJX Companies, Inc. has a 12 month low of $134.74 and a 12 month high of $170.00. The company has a market capitalization of $155.30 billion, a PE ratio of 25.99, a PEG ratio of 3.02 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company 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, analysts anticipate that The TJX Companies, Inc. will post 5.23 EPS for the current year.

TJX Companies Announces Dividend

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

Insider Transactions 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 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. The trade was a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TJX. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Barclays set a $188.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday. Robert W. Baird increased their price target on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Gordon Haskett reissued an “accumulate” rating and issued a $155.00 price objective on shares of TJX Companies in a research note on Thursday. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $173.89.

TJX Companies Company 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.