Thornburg Investment Management Inc. Boosts Holdings in The TJX Companies, Inc. $TJX

Thornburg Investment Management Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 17.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 308,876 shares of the apparel and home fashions retailer’s stock after purchasing an additional 45,213 shares during the quarter. Thornburg Investment Management Inc.’s holdings in TJX Companies were worth $46,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of TJX Companies in the second quarter worth $16,489,926,000. Bank of America Corp DE purchased a new position in TJX Companies during the second quarter valued at $3,511,553,000. Norges Bank bought a new stake in TJX Companies in the 4th quarter valued at $2,211,975,000. Bank of New York Mellon Corp bought a new stake in TJX Companies in the 2nd quarter valued at $1,598,731,000. Finally, Primecap Management Co. CA purchased a new stake in TJX Companies in the 2nd quarter worth $1,435,617,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 over the last 90 days. Insiders own 0.15% of the company’s stock.

TJX Companies Stock Up 0.7%

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 company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $149.31 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.61 and a beta of 0.62. The TJX Companies, Inc. has a 12-month low of $133.55 and a 12-month high of $170.00.

TJX Companies (NYSE:TJX) last released 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 company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.TJX Companies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, equities research analysts anticipate that The TJX Companies, Inc. will post 5.21 EPS for the current fiscal 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 paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio is currently 35.49%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TJX. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $180.00 to $145.00 in a research report on Wednesday. Barclays set a $188.00 price target on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $172.84.

TJX Companies 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.