Deutsche Bank AG raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,384,571 shares of the apparel and home fashions retailer’s stock after purchasing an additional 52,133 shares during the quarter. Deutsche Bank AG’s holdings in TJX Companies were worth $827,124,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in 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 purchasing an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new stake in TJX Companies during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. boosted its holdings in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Joseph Group Capital Management acquired a new stake in TJX Companies during the fourth quarter valued at approximately $27,000. Finally, Miller Global Investments LLC acquired a new stake in TJX Companies during the fourth quarter valued at approximately $28,000. 91.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on TJX shares. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Citigroup reiterated a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Robert W. Baird lifted 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. Wells Fargo & Company reiterated an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Barclays reiterated an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus price target of $174.58.
Insider Activity at TJX Companies
In related news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. The trade was a 8.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the sale, the chief executive officer 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. Insiders sold a total of 73,786 shares of company stock valued at $11,695,268 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.
TJX Companies Stock Performance
TJX stock opened at $164.57 on Wednesday. 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 company has a 50 day moving average price of $157.07 and a 200 day moving average price of $155.74. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The stock has a market capitalization of $181.80 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 3.47 and a beta of 0.62.
TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings data 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 previous year, the company posted $0.92 EPS. TJX Companies’s 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. Analysts forecast that The TJX Companies, Inc. will post 5.15 EPS for the current year.
TJX Companies Announces Dividend
The business also recently disclosed 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. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is 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.
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