Bank OZK Raises Stock Position in The TJX Companies, Inc. $TJX

Bank OZK increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 47.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 31,339 shares of the apparel and home fashions retailer’s stock after acquiring an additional 10,103 shares during the period. TJX Companies makes up about 1.5% of Bank OZK’s portfolio, making the stock its 17th largest holding. Bank OZK’s holdings in TJX Companies were worth $4,748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in TJX Companies by 120.3% in the fourth 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 shares of TJX Companies during the 4th quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth $26,000. IMG Wealth Management Inc. boosted its position in shares of 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 purchasing an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in TJX Companies during the 2nd quarter worth $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction on 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 directly owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TJX. Barclays set a $188.00 target price on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Wells Fargo & Company cut their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a report on Thursday, August 20th. Evercore reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $171.63.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $3.42 during trading on Tuesday, hitting $128.66. The stock had a trading volume of 11,168,377 shares, compared to its average volume of 5,663,261. The TJX Companies, Inc. has a 12-month low of $128.37 and a 12-month high of $170.00. The stock has a market capitalization of $141.53 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $149.63 and a two-hundred day simple moving average of $155.17.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. TJX Companies’s revenue for the quarter was up 5.4% on a year-over-year basis. 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 expect that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

About TJX Companies

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.