PNC Financial Services Group Inc. Increases Stake in The TJX Companies, Inc. $TJX

PNC Financial Services Group Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,155,713 shares of the apparel and home fashions retailer’s stock after buying an additional 113,974 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TJX Companies were worth $344,267,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TJX. Oslo Pensjonsforsikring AS bought a new stake in TJX Companies in the first quarter worth $500,000. HORAN Wealth LLC boosted its position in TJX Companies by 99.5% during the first quarter. HORAN Wealth LLC now owns 70,658 shares of the apparel and home fashions retailer’s stock valued at $11,245,000 after buying an additional 35,240 shares during the period. Baader Bank Aktiengesellschaft grew its stake in shares of TJX Companies by 1.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 8,426 shares of the apparel and home fashions retailer’s stock valued at $1,338,000 after buying an additional 116 shares during the last quarter. Burling Wealth Partners LLC grew its stake in shares of TJX Companies by 4.3% during the first quarter. Burling Wealth Partners LLC now owns 47,754 shares of the apparel and home fashions retailer’s stock valued at $7,626,000 after buying an additional 1,974 shares during the last quarter. Finally, Wilkerson Advisory Group LLC increased its holdings in shares of TJX Companies by 76.5% in the first quarter. Wilkerson Advisory Group LLC now owns 300 shares of the apparel and home fashions retailer’s stock worth $48,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 130,367 shares of company stock worth $20,959,476. Insiders own 0.15% of the company’s stock.

TJX Companies Stock Down 0.4%

NYSE TJX opened at $155.00 on Wednesday. The TJX Companies, Inc. has a 1 year low of $123.78 and a 1 year high of $170.00. The stock has a market capitalization of $171.23 billion, a PE ratio of 30.10, a PEG ratio of 3.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The business’s 50-day moving average is $156.77 and its 200 day moving average is $156.55.

TJX Companies (NYSE:TJX) last released its quarterly 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. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the prior year, the company posted $0.92 EPS. TJX Companies’s quarterly revenue was up 9.2% compared to the same quarter last year. 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. Sell-side analysts forecast that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup reaffirmed a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Wells Fargo & Company reissued an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research lifted their target price on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, UBS Group reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $176.89.

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.