The TJX Companies, Inc. $TJX Shares Acquired by Provident Trust Co.

Provident Trust Co. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,085,679 shares of the apparel and home fashions retailer’s stock after buying an additional 13,772 shares during the period. TJX Companies comprises approximately 6.6% of Provident Trust Co.’s investment portfolio, making the stock its 7th biggest position. Provident Trust Co. owned approximately 0.19% of TJX Companies worth $315,980,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of TJX Companies in the second quarter valued at approximately $16,489,926,000. Bank of America Corp DE acquired a new stake in TJX Companies during the 2nd quarter worth approximately $3,511,553,000. Norges Bank bought a new stake in TJX Companies during the 4th quarter worth approximately $2,211,975,000. Bank of New York Mellon Corp bought a new stake in TJX Companies during the 2nd quarter worth approximately $1,598,731,000. Finally, Primecap Management Co. CA acquired a new position in TJX Companies in the 2nd quarter valued at approximately $1,435,617,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Evercore reiterated an “outperform” rating and set a $173.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $180.00 to $145.00 in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Tuesday. Finally, UBS Group reiterated a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $172.84.

Insiders Place Their Bets

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction on Friday, June 5th. The stock was 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 approximately $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $135.16 on Friday. The firm’s 50-day moving average price is $152.86 and its 200-day moving average price is $156.07. The TJX Companies, Inc. has a 1-year low of $133.55 and a 1-year high of $170.00. The firm has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.61 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the business posted $1.10 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given 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 dividend payout ratio (DPR) is presently 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.