Mirova Purchases 34,123 Shares of The TJX Companies, Inc. $TJX

Mirova grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 120.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 62,449 shares of the apparel and home fashions retailer’s stock after acquiring an additional 34,123 shares during the period. TJX Companies comprises about 1.3% of Mirova’s holdings, making the stock its 23rd largest holding. Mirova’s holdings in TJX Companies were worth $9,026,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TJX. Norges Bank bought a new stake in shares of TJX Companies during the second quarter valued at approximately $1,808,774,000. Laurel Wealth Advisors LLC raised its holdings in TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after purchasing an additional 4,024,859 shares in the last quarter. Alliancebernstein L.P. raised its holdings in TJX Companies by 91.6% in the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after purchasing an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC lifted its position in 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 valued at $620,406,000 after buying an additional 2,743,676 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new position in TJX Companies during the second quarter valued at $244,687,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a research report on Tuesday, January 6th. Telsey Advisory Group lifted their price target on shares of TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Argus raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company restated a “positive” rating and issued a $150.00 price objective (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $167.55.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the 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 sale, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $152.83 on Thursday. The business has a fifty day moving average price of $155.61 and a 200-day moving average price of $149.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The company has a market capitalization of $169.71 billion, a PE ratio of 31.32, a PEG ratio of 3.57 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $113.98 and a 1-year high of $162.68.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the previous year, the business posted $1.23 EPS. TJX Companies’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. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.