Illinois Municipal Retirement Fund Decreases Stock Position in The TJX Companies, Inc. $TJX

Illinois Municipal Retirement Fund trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,770 shares of the apparel and home fashions retailer’s stock after selling 56,677 shares during the quarter. TJX Companies accounts for approximately 0.5% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 26th largest position. Illinois Municipal Retirement Fund’s holdings in TJX Companies were worth $40,846,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in shares of TJX Companies by 120.3% in 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 last quarter. Entrust Financial LLC bought a new position in TJX Companies during the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC bought a new position in TJX Companies during the 4th quarter valued at about $26,000. Joseph Group Capital Management purchased a new stake in TJX Companies in the 4th quarter worth about $27,000. Finally, IMG Wealth Management Inc. raised its position in 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 during the period. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TJX. BTIG Research boosted their target price on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Truist Financial set a $190.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Telsey Advisory Group boosted their price objective on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Barclays reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average price target of $176.89.

Insider Buying and Selling

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the stock in a transaction on Friday, June 5th. The stock was 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. This trade represents a 8.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of TJX Companies 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 completion of the transaction, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,367 shares of company stock worth $20,959,476 in the last three months. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Stock Up 0.4%

NYSE:TJX opened at $151.00 on Thursday. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a market cap of $166.81 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 3.26 and a beta of 0.63. The company has a 50-day moving average of $156.51 and a 200 day moving average of $156.56.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping 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 quarter in the prior year, the company earned $0.92 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. 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. As a group, research analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS 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 issued a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TJX Companies’s dividend payout ratio is currently 37.28%.

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.