Northstar Asset Management Inc. Lowers Stake in The TJX Companies, Inc. $TJX

Northstar Asset Management Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 10.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,385 shares of the apparel and home fashions retailer’s stock after selling 9,628 shares during the period. TJX Companies makes up about 3.6% of Northstar Asset Management Inc.’s portfolio, making the stock its 7th biggest holding. Northstar Asset Management Inc.’s holdings in TJX Companies were worth $12,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in TJX Companies in the second quarter valued at about $16,489,926,000. Geode Capital Management LLC grew its stake in TJX Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock worth $4,134,174,000 after buying an additional 673,690 shares in the last quarter. Bank of America Corp DE grew its stake in TJX Companies by 2.0% during the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after buying an additional 495,989 shares in the last quarter. Capital International Investors increased its holdings in TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after buying an additional 308,408 shares during the period. Finally, Norges Bank bought a new position in TJX Companies in the 4th quarter valued at about $2,211,975,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $161,340.63. Following the transaction, the director owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of recent analyst reports. Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $180.00 to $145.00 in a research note on Wednesday. Barclays set a $188.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. upped their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus 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 company has a market cap of $149.31 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62. 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 TJX Companies, Inc. has a 12 month low of $133.55 and a 12 month high of $170.00. The stock has a 50-day moving average price of $152.86 and a two-hundred day moving average price of $156.07.

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

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given 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 (DPR) is currently 35.49%.

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.