Schroder Investment Management Group Acquires 103,332 Shares of The TJX Companies, Inc. $TJX

Schroder Investment Management Group boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,587,495 shares of the apparel and home fashions retailer’s stock after purchasing an additional 103,332 shares during the quarter. Schroder Investment Management Group’s holdings in TJX Companies were worth $518,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its position in TJX Companies by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 112,407 shares of the apparel and home fashions retailer’s stock worth $16,247,000 after buying an additional 589 shares during the period. ProVise Management Group LLC bought a new position in TJX Companies during the third quarter worth $205,000. Rathbones Group PLC raised its stake in TJX Companies by 2.0% during the 3rd quarter. Rathbones Group PLC now owns 1,020,903 shares of the apparel and home fashions retailer’s stock valued at $147,561,000 after purchasing an additional 19,795 shares during the last quarter. Vinva Investment Management Ltd boosted its holdings in TJX Companies by 19.2% in the 3rd quarter. Vinva Investment Management Ltd now owns 90,357 shares of the apparel and home fashions retailer’s stock valued at $12,968,000 after purchasing an additional 14,560 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in TJX Companies by 2.5% in the 3rd quarter. Parallel Advisors LLC now owns 136,928 shares of the apparel and home fashions retailer’s stock valued at $19,792,000 after purchasing an additional 3,295 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $159.61 on Monday. The firm has a market cap of $177.24 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The firm’s 50-day simple moving average is $155.30 and its 200-day simple moving average is $148.72. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $162.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $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, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Insider Buying and Selling

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 stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TJX shares. Citigroup restated a “buy” rating and set a $168.00 price objective (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Guggenheim raised TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Robert W. Baird set a $168.00 price target on TJX Companies in a research note on Wednesday, December 17th. TD Cowen reiterated a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Barclays lifted their price objective on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has an average 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.