Swiss Life Asset Management Ltd Raises Stock Holdings in The TJX Companies, Inc. $TJX

Swiss Life Asset Management Ltd increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 373,430 shares of the apparel and home fashions retailer’s stock after buying an additional 32,407 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in TJX Companies were worth $57,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TJX. Dogwood Wealth Management LLC lifted its position in 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 position in TJX Companies during the third quarter worth about $27,000. Joseph Group Capital Management purchased a new position in TJX Companies during the fourth quarter worth about $27,000. Imprint Wealth LLC purchased a new position in TJX Companies during the third quarter worth about $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in TJX Companies during the third quarter worth about $28,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $153.29 on Monday. The firm has a market capitalization of $169.51 billion, a PE ratio of 31.41, a P/E/G ratio of 3.53 and a beta of 0.64. 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 business has a 50-day moving average of $158.32 and a two-hundred day moving average of $153.96. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $165.82.

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 the consensus estimate of $1.38 by $0.05. The company 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 firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $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 forecast that The TJX Companies, Inc. will post 5.06 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.48 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, May 14th. TJX Companies’s payout ratio is currently 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 dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of 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 through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Telsey Advisory Group increased their target price on TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. BTIG Research reiterated a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Finally, Barclays increased their target price on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $167.55.

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.