Swiss Life Asset Management Ltd Buys 56,535 Shares of The TJX Companies, Inc. $TJX

Swiss Life Asset Management Ltd boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 19.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 341,023 shares of the apparel and home fashions retailer’s stock after purchasing an additional 56,535 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in TJX Companies were worth $49,291,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lavaca Capital LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth approximately $25,000. Dogwood Wealth Management LLC grew its holdings in TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 92 shares during the last quarter. GGM Financials LLC acquired a new position in shares of TJX Companies during the third quarter worth $27,000. Imprint Wealth LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of TJX Companies in the 3rd quarter worth $28,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 target price (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price target on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. UBS Group restated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. TD Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $167.55.

TJX Companies Stock Performance

Shares of TJX opened at $152.83 on Thursday. The stock has a 50-day moving average of $155.61 and a two-hundred day moving average of $149.74. The TJX Companies, Inc. has a one year low of $113.98 and a one year 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. The stock has a market cap of $169.71 billion, a P/E ratio of 31.32, a P/E/G ratio of 3.57 and a beta of 0.73.

TJX Companies (NYSE:TJX) last announced 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. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period in the prior year, the company earned $1.23 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insiders Place Their Bets

In related 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 value of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

About TJX Companies

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.