Braun Stacey Associates Inc. Has $35.92 Million Stake in The TJX Companies, Inc. $TJX

Braun Stacey Associates Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 237,128 shares of the apparel and home fashions retailer’s stock after selling 4,099 shares during the quarter. Braun Stacey Associates Inc.’s holdings in TJX Companies were worth $35,925,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Swiss Life Asset Management Ltd raised 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 acquiring an additional 32,407 shares in the last quarter. Danske Bank A S acquired a new stake in TJX Companies in the second quarter valued at $829,000. J.Safra Asset Management Corp boosted 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 worth $1,045,000 after purchasing an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $2,559,000. Finally, Man Group plc acquired a new position in shares of TJX Companies during the 2nd quarter worth $217,422,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value 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. The trade was a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the company’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 transaction of $161,340.63. Following the transaction, the director directly owned 802 shares in the company, valued at $135,209.18. The trade was a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock valued at $20,959,476 over the last quarter. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and dropped their target price for the company from $180.00 to $145.00 in a report on Wednesday. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Gordon Haskett reaffirmed an “accumulate” rating and issued a $155.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. Barclays set a $188.00 price objective on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, Wells Fargo & Company lowered their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a report 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 given a Hold rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $172.84.

TJX Companies Stock Performance

TJX Companies stock opened at $135.16 on Friday. The TJX Companies, Inc. has a fifty-two week low of $133.55 and a fifty-two week high of $170.00. The company has a market capitalization of $149.31 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62. The stock has a fifty day moving average of $152.86 and a two-hundred day moving average of $156.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. 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 5.2 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is 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.