Provident Trust Co. Has $315.98 Million Stake in The TJX Companies, Inc. $TJX

Provident Trust Co. lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,085,679 shares of the apparel and home fashions retailer’s stock after acquiring an additional 13,772 shares during the period. TJX Companies makes up about 6.6% of Provident Trust Co.’s holdings, making the stock its 7th largest holding. Provident Trust Co.’s holdings in TJX Companies were worth $315,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in TJX. BlackRock Inc. purchased a new stake in shares of TJX Companies in the second quarter worth about $16,489,926,000. Geode Capital Management LLC lifted its stake in TJX Companies by 2.6% in the 4th 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 purchasing an additional 673,690 shares in the last quarter. Bank of America Corp DE boosted its holdings in TJX Companies by 2.0% in the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock valued at $3,935,630,000 after purchasing an additional 495,989 shares during the period. Capital International Investors boosted 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 purchasing an additional 308,408 shares during the period. Finally, Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter valued at $2,211,975,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Gordon Haskett reaffirmed an “accumulate” rating and issued a $155.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Jefferies Financial Group lowered TJX Companies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $180.00 to $145.00 in a research note on Wednesday. Barclays set a $188.00 target price on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a report on Tuesday. Two 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.84.

Insider Transactions at TJX Companies

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the sale, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the transaction, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by corporate insiders.

TJX Companies Stock Up 0.7%

TJX opened at $135.16 on Friday. The stock has a market cap of $149.31 billion, a PE ratio of 24.98, a P/E/G ratio of 2.61 and a beta of 0.62. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 52 week low of $133.55 and a 52 week high of $170.00. The business’s fifty day simple moving average is $152.86 and its 200 day simple moving average is $156.07.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. 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, research analysts expect that The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 payout ratio is presently 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.