Cardano Risk Management B.V. Invests $107.26 Million in The TJX Companies, Inc. $TJX

Cardano Risk Management B.V. purchased a new position in The TJX Companies, Inc. (NYSE:TJX) during the 1st quarter, HoldingsChannel reports. The firm purchased 671,638 shares of the apparel and home fashions retailer’s stock, valued at approximately $107,260,000. TJX Companies accounts for about 1.0% of Cardano Risk Management B.V.’s portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Norges Bank acquired a new stake in TJX Companies in the fourth quarter worth $2,211,975,000. Alliancebernstein L.P. boosted its holdings in shares of TJX Companies by 91.6% during the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after acquiring an additional 3,208,458 shares during the period. Corient Private Wealth LLC grew its position in shares of TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after acquiring an additional 2,743,676 shares during the last quarter. Amundi increased its holdings in shares of TJX Companies by 22.1% in the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after acquiring an additional 1,761,281 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of TJX Companies by 57.3% in the 4th quarter. AQR Capital Management LLC now owns 4,814,467 shares of the apparel and home fashions retailer’s stock worth $739,550,000 after acquiring an additional 1,753,155 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. UBS Group restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Evercore reiterated an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Argus raised TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $174.58.

TJX Companies Stock Performance

Shares of TJX opened at $165.35 on Thursday. The firm has a market capitalization of $182.66 billion, a PE ratio of 32.11, a P/E/G ratio of 3.56 and a beta of 0.62. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $158.22 and a 200 day moving average price of $156.88. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. 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. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio is currently 37.28%.

Insider Activity

In other TJX Companies news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. The trade was a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company’s stock.

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.