Rakuten Investment Management Inc. Takes $27.36 Million Position in The TJX Companies, Inc. $TJX

Rakuten Investment Management Inc. acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 180,925 shares of the apparel and home fashions retailer’s stock, valued at approximately $27,361,000.

Other institutional investors have also made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its stake in shares of TJX Companies by 120.3% during 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 acquiring an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. boosted its stake in shares of TJX Companies by 65.7% during 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 buying an additional 69 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new stake in shares of TJX Companies during the second quarter worth approximately $27,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on TJX shares. BTIG Research restated a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. Robert W. Baird upped their target price 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. Finally, JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Two research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.84.

Insider Buying and Selling at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction dated 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 directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $135.16 on Friday. The stock’s 50 day simple moving average is $152.86 and its 200 day simple moving average is $156.07. The TJX Companies, Inc. has a 12-month low of $133.55 and a 12-month high of $170.00. The firm has a market cap of $149.31 billion, a P/E ratio of 24.98, a P/E/G 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The firm’s 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. As a group, equities research analysts predict that The TJX Companies, Inc. will post 5.2 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

TJX Companies Company 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.