Pacer Advisors Inc. Raises Holdings in The TJX Companies, Inc. $TJX

Pacer Advisors Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,649 shares of the apparel and home fashions retailer’s stock after acquiring an additional 21,614 shares during the quarter. Pacer Advisors Inc.’s holdings in TJX Companies were worth $16,997,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in TJX Companies during the 4th quarter worth about $2,211,975,000. Alliancebernstein L.P. lifted its holdings in TJX Companies by 91.6% in the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after purchasing an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in TJX Companies by 120.7% in 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 purchasing an additional 2,743,676 shares in the last quarter. Amundi boosted its stake in shares of TJX Companies by 22.1% during the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after purchasing an additional 1,761,281 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of TJX Companies by 57.3% during the 4th quarter. AQR Capital Management LLC now owns 4,814,467 shares of the apparel and home fashions retailer’s stock worth $739,550,000 after purchasing an additional 1,753,155 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the transaction, the chief executive officer directly owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 in the last quarter. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Telsey Advisory Group lifted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their price target on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Barclays reissued an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $174.58.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $163.81 on Friday. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $170.00. The stock has a market capitalization of $180.96 billion, a P/E ratio of 31.81, a PEG ratio of 3.55 and a beta of 0.62. 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 business’s fifty day moving average price is $158.04 and its 200 day moving average price is $156.53.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, research analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s payout ratio is presently 37.28%.

TJX Companies News Roundup

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX remains a standout off-price retailer, with same-store sales up 6% in the latest quarter and strength across its major banners. Management also sees room for more than 1,800 additional stores, including expansion in home furnishings, which supports a longer growth runway.
• Positive Sentiment: The company’s cash flow is supporting share buybacks and dividend growth, which can boost shareholder returns and help offset share count dilution over time. 3 Retail Winners Using Cash Flow to Stay Ahead (TJX)
• Positive Sentiment: Recent articles also emphasize TJX’s consistent execution, including record earnings, rising same-store sales, and an expanding international strategy as Ernie Herrman pushes the business beyond the U.S.
• Neutral Sentiment: Analysts and market commentators are comparing TJX’s reliable performance with its premium valuation, suggesting the stock may already reflect much of the company’s strong fundamentals. TJX Is a Reliable Off-Price Retailer, But for Investors, Is the Premium Too High?
• Neutral Sentiment: Another update noted TJX was up about 4% since its last earnings report and is being watched to see whether earnings estimates keep moving higher, which could influence the stock’s next move. TJX (TJX) Up 4% Since Last Earnings Report: Can It Continue?

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.