Field & Main Bank Buys Shares of 17,603 The TJX Companies, Inc. $TJX

Field & Main Bank bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,603 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,667,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position in 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 acquiring an additional 89 shares during the period. Entrust Financial LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth approximately $26,000. IMG Wealth Management Inc. boosted its holdings in shares of TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Cetera Trust Company N.A acquired a new stake in shares of TJX Companies during the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TJX. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Jefferies Financial Group lowered shares of TJX Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $180.00 to $145.00 in a research note on Wednesday. Erste Group Bank downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. UBS Group reiterated a “buy” rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Finally, Wells Fargo & Company reduced their price objective on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $172.84.

TJX Companies Price Performance

Shares of TJX opened at $135.16 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The firm has a market cap of $149.31 billion, a PE ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62. The firm’s 50 day moving average price is $152.86 and its 200 day moving average price is $156.07. The TJX Companies, Inc. has a twelve month low of $133.55 and a twelve month high of $170.00.

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 the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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, research analysts expect that The TJX Companies, Inc. will post 5.2 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 dividend payout ratio is currently 35.49%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the sale, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction dated 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 owned 802 shares of the company’s stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 130,367 shares of company stock valued at $20,959,476. Company insiders own 0.15% of the company’s stock.

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.