The TJX Companies, Inc. $TJX Shares Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,652,215 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,019 shares during the quarter. TJX Companies makes up about 1.5% of Grantham Mayo Van Otterloo & Co. LLC’s holdings, making the stock its 22nd largest holding. Grantham Mayo Van Otterloo & Co. LLC’s holdings in TJX Companies were worth $527,891,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Lavaca Capital LLC acquired a new position in TJX Companies during the 2nd quarter valued at approximately $25,000. Dogwood Wealth Management LLC lifted its stake in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 92 shares during the period. GGM Financials LLC purchased a new stake in shares of TJX Companies during the third quarter valued at $27,000. Howard Hughes Medical Institute purchased a new stake in shares of TJX Companies during the second quarter valued at $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $159.61 on Friday. The firm’s fifty day moving average is $155.30 and its two-hundred day moving average is $148.65. The firm 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. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $162.68.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion during 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%.The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS. 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. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared 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 yield of 1.1%. The ex-dividend date was Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Wells Fargo & Company restated a “positive” rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Morgan Stanley reissued an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. BTIG Research restated a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Barclays lifted their target price on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $170.00 target price on shares of TJX Companies in a research report on Tuesday, November 11th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average price target of $167.55.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies 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.