Parallel Advisors LLC Acquires 3,295 Shares of The TJX Companies, Inc. $TJX

Parallel Advisors LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the third quarter, HoldingsChannel reports. The fund owned 136,928 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,295 shares during the period. Parallel Advisors LLC’s holdings in TJX Companies were worth $19,792,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Meiji Yasuda Life Insurance Co grew its holdings in TJX Companies by 1.3% in the third quarter. Meiji Yasuda Life Insurance Co now owns 26,336 shares of the apparel and home fashions retailer’s stock worth $3,807,000 after purchasing an additional 334 shares during the period. Rosenblum Silverman Sutton S F Inc. CA increased its stake in shares of TJX Companies by 4.6% during the third quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 9,960 shares of the apparel and home fashions retailer’s stock valued at $1,440,000 after purchasing an additional 435 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of TJX Companies by 8.7% during the third quarter. Korea Investment CORP now owns 1,003,047 shares of the apparel and home fashions retailer’s stock valued at $144,980,000 after purchasing an additional 79,944 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $45,600,000. Finally, Angeles Wealth Management LLC boosted its position in shares of TJX Companies by 1.9% in the 3rd quarter. Angeles Wealth Management LLC now owns 8,731 shares of the apparel and home fashions retailer’s stock worth $1,262,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. The trade was 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 hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. Argus raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. The Goldman Sachs Group boosted their target price on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a research note on Tuesday, January 6th. Bank of America raised their price target on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Guggenheim raised TJX Companies to a “strong-buy” rating in a research report 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 company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $167.55.

TJX Companies Stock Performance

TJX stock opened at $159.61 on Friday. The stock has a market capitalization of $177.24 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $162.68. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $155.30 and its 200 day simple moving average is $148.65.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 12th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is 34.84%.

TJX Companies Company 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.