Nissay Asset Management Corp Japan Purchases 5,687 Shares of The TJX Companies, Inc. $TJX

Nissay Asset Management Corp Japan raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,537 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,687 shares during the period. Nissay Asset Management Corp Japan’s holdings in TJX Companies were worth $23,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of TJX Companies in the 2nd quarter worth about $16,489,926,000. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after acquiring an additional 673,690 shares during the last quarter. Bank of America Corp DE grew its position in TJX Companies by 2.0% in the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after acquiring an additional 495,989 shares in the last quarter. Capital International Investors grew its position in TJX Companies by 2.0% in the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after acquiring an additional 308,408 shares in the last quarter. Finally, Norges Bank bought a new stake in TJX Companies during the fourth quarter worth approximately $2,211,975,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. UBS Group restated a “buy” rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Telsey Advisory Group boosted their target price on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Robert W. Baird raised their price target on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Wells Fargo & Company cut their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research 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 stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $172.84.

Insider Activity at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at $87,051,761. The trade was a 5.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 130,367 shares of company stock valued at $20,959,476. Company insiders own 0.15% of the company’s stock.

TJX Companies Trading Up 0.7%

Shares of NYSE TJX 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 debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The company has a market cap 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 business’s 50 day moving average price is $152.86 and its 200-day moving average price is $156.07.

TJX Companies (NYSE:TJX) last posted 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 analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.TJX Companies’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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, sell-side analysts expect that The TJX Companies, Inc. will post 5.2 earnings per share for the current year.

TJX Companies Announces Dividend

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

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.