Vinva Investment Management Ltd Buys 14,560 Shares of The TJX Companies, Inc. $TJX

Vinva Investment Management Ltd lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 19.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,357 shares of the apparel and home fashions retailer’s stock after buying an additional 14,560 shares during the quarter. Vinva Investment Management Ltd’s holdings in TJX Companies were worth $12,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after purchasing an additional 235 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after purchasing an additional 955 shares during the last quarter. United Bank lifted its position in shares of TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after buying an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of TJX Companies in the second quarter worth about $244,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related 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 directly 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TJX shares. Jefferies Financial Group restated a “buy” rating and set a $170.00 price target on shares of TJX Companies in a report on Tuesday, November 11th. Argus raised TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Barclays increased their target price on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a report on Thursday, January 8th. Finally, Telsey Advisory Group boosted their price target on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $159.61 on Friday. The stock has a market cap of $177.24 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. 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 50 day moving average price of $155.30 and a 200-day moving average price of $148.65. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $162.68.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion for 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 prior year, the firm 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. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 12th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s payout ratio is currently 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.