315,482 Shares in The TJX Companies, Inc. $TJX Bought by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 315,482 shares of the apparel and home fashions retailer’s stock, valued at approximately $45,600,000.

Other large investors also recently modified their holdings of the company. Angeles Wealth Management LLC raised its position in shares of TJX Companies by 1.9% during the third quarter. Angeles Wealth Management LLC now owns 8,731 shares of the apparel and home fashions retailer’s stock worth $1,262,000 after purchasing an additional 166 shares during the period. Baltimore Washington Financial Advisors Inc. increased its stake in TJX Companies by 12.3% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 180,844 shares of the apparel and home fashions retailer’s stock worth $26,139,000 after purchasing an additional 19,795 shares in the last quarter. HUB Investment Partners LLC raised its holdings in TJX Companies by 49.7% during the 3rd quarter. HUB Investment Partners LLC now owns 3,042 shares of the apparel and home fashions retailer’s stock worth $440,000 after buying an additional 1,010 shares during the period. Guardian Capital LP boosted its holdings in shares of TJX Companies by 18.5% in the third quarter. Guardian Capital LP now owns 151,824 shares of the apparel and home fashions retailer’s stock valued at $21,945,000 after buying an additional 23,664 shares during the period. Finally, Marietta Investment Partners LLC increased its position in shares of TJX Companies by 48.1% during the third quarter. Marietta Investment Partners LLC now owns 3,161 shares of the apparel and home fashions retailer’s stock worth $457,000 after acquiring an additional 1,027 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $159.61 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The business has a 50-day moving average of $155.30 and a 200-day moving average of $148.55. The stock has a market capitalization of $177.24 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 3.70 and a beta of 0.73. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $162.68.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.TJX Companies’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 12th were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TJX. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Argus upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research note on Thursday, January 8th. Finally, Citigroup reaffirmed a “buy” rating and set a $168.00 price target (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $167.55.

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.