Lombard Odier Asset Management Europe Ltd Takes Position in The TJX Companies, Inc. $TJX

Lombard Odier Asset Management Europe Ltd purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 64,828 shares of the apparel and home fashions retailer’s stock, valued at approximately $9,821,000.

A number of other hedge funds also recently bought and sold shares of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new stake in TJX Companies during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at $26,000. Imprint Wealth LLC acquired a new position in shares of TJX Companies in the third quarter valued at about $27,000. Finally, IMG Wealth Management Inc. increased its holdings in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction that occurred 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 approximately $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the sale, the director directly owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Truist Financial set a $190.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. BTIG Research restated a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $172.84.

TJX Companies Stock Up 0.7%

Shares of NYSE:TJX opened at $135.16 on Friday. The TJX Companies, Inc. has a 52-week low of $133.55 and a 52-week high of $170.00. The stock has a market cap of $149.31 billion, a P/E ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62. The business has a fifty day moving average of $152.86 and a two-hundred day moving average of $156.07. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. 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. On average, research analysts expect that The TJX Companies, Inc. will post 5.2 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

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.