Pittenger & Anderson Inc. Boosts Stock Position in The TJX Companies, Inc. $TJX

Pittenger & Anderson Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,182 shares of the apparel and home fashions retailer’s stock after buying an additional 4,046 shares during the period. TJX Companies makes up about 1.5% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its 14th largest holding. Pittenger & Anderson Inc.’s holdings in TJX Companies were worth $37,079,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TJX. Norges Bank purchased a new stake in shares of TJX Companies in the fourth quarter worth $2,211,975,000. Diamant Asset Management Inc. raised its position in shares of TJX Companies by 15,998.0% in the 1st quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock worth $603,663,000 after purchasing an additional 3,756,502 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of TJX Companies by 91.6% in the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after purchasing an additional 3,208,458 shares during the last quarter. Corient Private Wealth LLC boosted its stake in TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after purchasing an additional 2,743,676 shares in the last quarter. Finally, Amundi boosted its stake in TJX Companies by 22.1% in the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after purchasing an additional 1,761,281 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $0.40 during trading on Friday, reaching $151.30. 4,168,337 shares of the company traded hands, compared to its average volume of 5,629,683. The firm has a 50 day simple moving average of $156.82 and a 200-day simple moving average of $156.68. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00. The stock has a market capitalization of $167.14 billion, a PE ratio of 29.38, a P/E/G ratio of 3.28 and a beta of 0.63. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 37.28%.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. UBS Group reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Telsey Advisory Group boosted their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $176.89.

Insider Transactions at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at $87,051,761. The trade was a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. Corporate 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.