Union Bancaire Privee UBP SA Raises Stock Holdings in The TJX Companies, Inc. $TJX

Union Bancaire Privee UBP SA grew its position in The TJX Companies, Inc. (NYSE:TJX) by 53.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 68,468 shares of the apparel and home fashions retailer’s stock after acquiring an additional 23,871 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in TJX Companies were worth $10,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in TJX Companies in the 4th quarter valued at $2,211,975,000. Diamant Asset Management Inc. grew its position in TJX Companies by 15,998.0% during the 1st quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock worth $603,663,000 after purchasing an additional 3,756,502 shares during the last quarter. Corient Private Wealth LLC grew its position in TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. Amundi increased its stake in TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock valued at $1,391,822,000 after purchasing an additional 1,761,281 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of TJX Companies by 57.3% in the fourth quarter. AQR Capital Management LLC now owns 4,814,467 shares of the apparel and home fashions retailer’s stock valued at $739,550,000 after buying an additional 1,753,155 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the transaction, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. The trade was a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 130,367 shares of company stock valued at $20,959,476. Insiders own 0.15% of the company’s stock.

TJX Companies Stock Down 1.2%

TJX opened at $152.00 on Friday. 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 company has a market cap of $167.91 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 3.32 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $132.01 and a one year high of $170.00. The business’s fifty day moving average is $157.63 and its two-hundred day moving average is $156.73.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. 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 anticipate that The TJX Companies, Inc. will post 5.19 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 37.28%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Morgan Stanley restated an “overweight” rating on shares of TJX Companies in a research report on Thursday, August 6th. Truist Financial set a $190.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $177.94.

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.