PeakShares LLC Takes Position in The TJX Companies, Inc. $TJX

PeakShares LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 6,528 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,003,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Norges Bank acquired a new position in shares of TJX Companies in the fourth quarter worth about $2,211,975,000. Alliancebernstein L.P. boosted its stake in shares of TJX Companies by 91.6% during the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after acquiring an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of 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 valued at $620,406,000 after acquiring an additional 2,743,676 shares during the period. Amundi increased its stake in shares of TJX Companies by 22.1% in the 3rd 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 in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of TJX Companies by 57.3% in the 4th 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 purchasing an additional 1,753,155 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Barclays reiterated an “overweight” rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Evercore reissued an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. Based on data from MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus target price of $174.58.

Insider Transactions at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the firm’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 in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last 90 days. 0.15% of the stock is owned by company insiders.

TJX Companies Stock Performance

TJX stock opened at $163.81 on Friday. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $170.00. The business’s 50-day moving average is $158.04 and its 200 day moving average is $156.53. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The stock has a market cap of $180.96 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 3.55 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS 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 was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is presently 37.28%.

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.