Pictet Asset Management Holding SA Has $110.49 Million Position in The TJX Companies, Inc. $TJX

Pictet Asset Management Holding SA lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 719,275 shares of the apparel and home fashions retailer’s stock after selling 20,808 shares during the period. Pictet Asset Management Holding SA’s holdings in TJX Companies were worth $110,491,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dogwood Wealth Management LLC increased its stake in TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 92 shares in the last quarter. GGM Financials LLC bought a new stake in TJX Companies during the 3rd quarter valued at $27,000. Imprint Wealth LLC bought a new stake in TJX Companies during the 3rd quarter valued at $27,000. KERR FINANCIAL PLANNING Corp bought a new stake in TJX Companies during the 3rd quarter valued at $28,000. Finally, Miller Global Investments LLC bought a new stake in TJX Companies during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on TJX shares. UBS Group restated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Barclays boosted their price target on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research note on Tuesday, January 6th. Finally, BTIG Research restated a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $167.55.

TJX Companies Stock Performance

NYSE TJX opened at $157.65 on Tuesday. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. 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 $174.49 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 3.61 and a beta of 0.73. The company has a fifty day moving average price of $158.51 and a 200-day moving average price of $153.41.

TJX Companies (NYSE:TJX) last posted its 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. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. 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, equities research analysts predict that The TJX Companies, Inc. will post 5.06 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the sale, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.