Canada Pension Plan Investment Board Makes New Investment in The TJX Companies, Inc. $TJX

Canada Pension Plan Investment Board purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the second quarter, HoldingsChannel reports. The institutional investor purchased 3,090,071 shares of the apparel and home fashions retailer’s stock, valued at approximately $468,146,000.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in TJX Companies during the second quarter valued at about $16,489,926,000. Geode Capital Management LLC grew its holdings in TJX Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock worth $4,134,174,000 after acquiring an additional 673,690 shares during the period. Bank of America Corp DE raised its position in TJX Companies by 2.0% in the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after acquiring an additional 495,989 shares in the last quarter. Capital International Investors lifted its holdings in TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after acquiring an additional 308,408 shares during the last quarter. Finally, Norges Bank acquired a new stake in TJX Companies in the 4th quarter valued at about $2,211,975,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TJX. BTIG Research reaffirmed a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. Gordon Haskett reissued an “accumulate” rating and set a $155.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Sanford C. Bernstein restated an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a report on Tuesday. Robert W. Baird lifted their price target on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Evercore reaffirmed an “outperform” rating and issued a $173.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $174.16.

TJX Companies Trading Down 0.8%

NYSE:TJX opened at $139.54 on Wednesday. The stock has a fifty day simple moving average of $154.57 and a 200 day simple moving average of $156.50. The firm has a market capitalization of $154.15 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The TJX Companies, Inc. has a 1-year low of $134.74 and a 1-year high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is 35.49%.

Insider Activity

In other TJX Companies news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares in the company, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director directly owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% 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.