iA Global Asset Management Inc. Buys 42,598 Shares of The TJX Companies, Inc. $TJX

iA Global Asset Management Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJXFree Report) by 52.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,141 shares of the apparel and home fashions retailer’s stock after acquiring an additional 42,598 shares during the period. iA Global Asset Management Inc.’s holdings in TJX Companies were worth $18,916,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted 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 valued at $26,000 after acquiring an additional 92 shares in the last quarter. GGM Financials LLC bought a new stake in TJX Companies in the third quarter valued at $27,000. Joseph Group Capital Management bought a new stake in TJX Companies in the fourth quarter valued at $27,000. IMG Wealth Management Inc. boosted its holdings in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Imprint Wealth LLC bought a new stake in TJX Companies in the third quarter valued at $27,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX opened at $147.40 on Friday. The stock has a 50-day moving average price of $157.08 and a 200-day moving average price of $154.14. 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 firm has a market cap of $163.00 billion, a PE ratio of 30.21, a P/E/G ratio of 3.39 and a beta of 0.64. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82.

TJX Companies (NYSE:TJXGet Free Report) last posted 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 the consensus estimate of $1.38 by $0.05. The firm 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%.TJX Companies’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Sell-side analysts predict that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s payout ratio is presently 39.34%.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. BTIG Research reiterated a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. UBS Group restated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Finally, Weiss Ratings cut shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average target price of $167.55.

Check Out Our Latest Analysis on TJX

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Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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