Canada Pension Plan Investment Board Takes Position in The TJX Companies, Inc. $TJX

Canada Pension Plan Investment Board acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,090,071 shares of the apparel and home fashions retailer’s stock, valued at approximately $468,146,000. Canada Pension Plan Investment Board owned about 0.28% of TJX Companies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. Joseph Group Capital Management bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $27,000. Finally, IMG Wealth Management Inc. lifted its holdings in shares of TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $139.54 on Wednesday. The TJX Companies, Inc. has a 12-month low of $134.74 and a 12-month high of $170.00. The company has a market cap of $154.15 billion, a PE ratio of 25.79, a P/E/G ratio of 2.71 and a beta of 0.62. The stock has a 50 day simple moving average of $154.57 and a 200-day simple moving average of $156.50. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. 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. On average, equities research analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays set a $188.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Gordon Haskett reiterated an “accumulate” rating and issued a $155.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Evercore reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Two equities 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 stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $174.16.

Insiders Place Their Bets

In related news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 29,549 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer owned 552,850 shares of the company’s stock, valued at $87,051,761. This represents a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 over the last three months. 0.15% of the stock is currently owned by company insiders.

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.