Canada Post Corp Registered Pension Plan Raises Position in The TJX Companies, Inc. $TJX

Canada Post Corp Registered Pension Plan grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 163.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,574 shares of the apparel and home fashions retailer’s stock after purchasing an additional 56,257 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in TJX Companies were worth $12,999,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Lavaca Capital LLC bought a new position in TJX Companies during the second quarter valued at $25,000. Princeton Global Asset Management LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth about $28,000. Howard Hughes Medical Institute bought a new position in TJX Companies during the 2nd quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 2nd quarter worth about $32,000. Finally, Capital A Wealth Management LLC lifted its stake in TJX Companies by 776.7% in the second quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock worth $32,000 after purchasing an additional 233 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $162.00 price objective (up previously from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Citigroup reissued a “buy” rating and set a $168.00 target price (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus price target of $163.86.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the transaction, the chief executive officer owned 535,143 shares of the company’s stock, valued at $79,634,629.83. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director directly owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 54,863 shares of company stock valued at $8,226,366 in the last three months. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

TJX opened at $155.86 on Friday. The company has a market capitalization of $173.08 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.97 and a beta of 0.74. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $159.48. The business’s fifty day simple moving average is $154.16 and its 200-day simple moving average is $144.66.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The company had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

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.