The TJX Companies, Inc. $TJX Shares Bought by Rathbones Group PLC

Rathbones Group PLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,020,903 shares of the apparel and home fashions retailer’s stock after acquiring an additional 19,795 shares during the quarter. Rathbones Group PLC’s holdings in TJX Companies were worth $147,561,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Banco Santander S.A. boosted its stake in TJX Companies by 24.6% in the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after purchasing an additional 31,631 shares during the period. Bank of Nova Scotia raised its stake in TJX Companies by 129.9% during the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after purchasing an additional 152,453 shares during the period. Empowered Funds LLC lifted its holdings in shares of TJX Companies by 66.6% in the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after purchasing an additional 30,779 shares in the last quarter. Rheos Capital Works Inc. lifted its holdings in shares of TJX Companies by 26.0% in the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after purchasing an additional 76,400 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after buying an additional 8,006 shares during the period. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TJX. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 price target (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Robert W. Baird set a $168.00 target price on TJX Companies in a research note on Wednesday, December 17th. TD Cowen reiterated a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Finally, Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat, TJX Companies currently has an average rating of “Buy” and an average price target of $167.55.

TJX Companies Price Performance

TJX opened at $159.61 on Friday. The stock has a fifty day moving average price of $155.30 and a 200 day moving average price of $148.65. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $162.68. The stock has a market cap of $177.24 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 3.67 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period in the prior year, the firm posted $1.23 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. 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. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

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.