355,968 Shares of The TJX Companies, Inc. $TJX Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 355,968 shares of the apparel and home fashions retailer’s stock, valued at approximately $47,098,000.

Several other hedge funds have also modified their holdings of TJX. BlackRock Inc. acquired a new position in TJX Companies during the 2nd quarter worth approximately $16,489,926,000. State Street Corp boosted its holdings in TJX Companies by 2.9% in the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock worth $7,530,947,000 after acquiring an additional 1,388,026 shares during the period. Bank of America Corp DE acquired a new stake in TJX Companies in the second quarter valued at approximately $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in TJX Companies by 7.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock valued at $1,902,841,000 after acquiring an additional 883,294 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in TJX Companies in the second quarter valued at approximately $1,598,731,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TJX. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Wells Fargo & Company decreased their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Daiwa Securities Group lowered their price target on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TJX Companies in a research note on Monday, October 19th. Finally, Jefferies Financial Group lowered shares of TJX Companies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $180.00 to $145.00 in a report on Wednesday, August 26th. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $174.95.

TJX Companies Trading Up 0.0%

Shares of TJX opened at $140.34 on Monday. The TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00. The stock has a 50-day moving average price of $135.71 and a 200 day moving average price of $151.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The company has a market capitalization of $154.37 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.66 and a beta of 0.58.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the business earned $1.10 EPS. TJX Companies’s revenue for the quarter was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

About TJX Companies

The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.