Primecap Management Co. CA Buys Shares of 9,476,020 The TJX Companies, Inc. $TJX

Primecap Management Co. CA purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,476,020 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,435,617,000. TJX Companies accounts for 0.8% of Primecap Management Co. CA’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased 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 valued at $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC bought a new position in TJX Companies during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in TJX Companies during the fourth quarter worth about $26,000. Joseph Group Capital Management acquired a new position in shares of TJX Companies during the 4th quarter worth about $27,000. Finally, IMG Wealth Management Inc. increased its stake 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 valued at $27,000 after acquiring an additional 69 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TJX. Telsey Advisory Group increased their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wells Fargo & Company lowered their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a report on Tuesday. BTIG Research reissued a “buy” rating and set a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Finally, UBS Group reissued a “buy” rating and issued a $198.00 price target (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.84.

TJX Companies Price Performance

Shares of TJX opened at $139.54 on Wednesday. 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 stock has a 50 day simple moving average of $154.57 and a 200 day simple moving average of $156.50. The TJX Companies, Inc. has a 52-week low of $134.74 and a 52-week high of $170.00. The firm has a market capitalization of $154.15 billion, a PE ratio of 25.79, a P/E/G ratio of 2.71 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced 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 firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the company posted $1.10 EPS. The business’s quarterly revenue 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. Sell-side analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. 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%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer directly owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was 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 have sold 130,367 shares of company stock valued at $20,959,476. Insiders own 0.15% of the company’s stock.

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.