Sumitomo Life Insurance Co. Invests $3.09 Million in The TJX Companies, Inc. $TJX

Sumitomo Life Insurance Co. bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,416 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,093,000.

Several other hedge funds have also recently bought and sold shares of the business. William Blair Investment Management LLC acquired a new position in TJX Companies during the second quarter valued at approximately $5,458,000. Landscape Capital Management L.L.C. purchased a new stake in TJX Companies during the second quarter worth approximately $792,000. Korea Investment CORP acquired a new stake in shares of TJX Companies in the second quarter worth $143,805,000. EP Wealth Advisors LLC acquired a new stake in shares of TJX Companies in the second quarter worth $53,828,000. Finally, Heartland Bank & Trust Co acquired a new stake in shares of TJX Companies in the second quarter worth $731,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.1%

Shares of NYSE:TJX opened at $140.58 on Friday. The company has a market capitalization of $155.30 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.62. The company has a 50 day moving average of $155.63 and a two-hundred day moving average of $156.64. The TJX Companies, Inc. has a 52-week low of $134.74 and a 52-week high of $170.00. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $15.18 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. 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. As a group, analysts forecast that The TJX Companies, Inc. will post 5.23 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s payout ratio is currently 35.49%.

Insider Activity

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction dated 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 directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by corporate insiders.

Key Headlines Impacting TJX Companies

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

• Positive Sentiment: TJX reported revenue of $15.18 billion and adjusted EPS of $1.22, surpassing consensus estimates of $15.16 billion and $1.19, respectively. Comparable-store sales increased 4%, while adjusted earnings rose 11% year over year. TJX beats Q2 expectations despite self-inflicted apparel slump
• Positive Sentiment: Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations, supporting the company’s longer-term growth outlook. TJX outlines 7,500-store target while raising FY2027 EPS
• Positive Sentiment: Winners, Marshalls and HomeSense are reportedly gaining significant market share in Canada, while HomeGoods and international operations also provided important sources of strength. TJX says Canadian banners are gaining market share
• Neutral Sentiment: Some analysts view the post-earnings sell-off as a buying opportunity, with BTIG reaffirming a Buy rating and a $190 price target; UBS characterized the Marmaxx weakness as potentially isolated. A rare stumble at TJX has Wall Street spooked
• Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls in the United States, delivered a disappointing comparable-sales performance. Management blamed merchandising and apparel-mix mistakes, but analysts also cited tougher off-price competition and consumer resistance to price increases. TJX blames merchandising missteps for rare US miss
• Negative Sentiment: Fiscal third-quarter guidance fell short of expectations, increasing concerns about near-term margin pressure and execution. Citi downgraded TJX to Neutral, while Wells Fargo cut its price target to $140 and assigned an Equal Weight rating. TJX Q2 beat but Marmaxx lags and Q3 guidance falls short

Analysts Set New Price Targets

Several research firms recently weighed in on TJX. Robert W. Baird lifted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wells Fargo & Company lowered their price target on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday. Telsey Advisory Group raised their price objective on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings cut TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $173.89.

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.