The TJX Companies, Inc. $TJX Stock Holdings Lifted by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 28.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 302,342 shares of the apparel and home fashions retailer’s stock after acquiring an additional 66,927 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in TJX Companies were worth $45,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TJX. BlackRock Inc. acquired a new stake in TJX Companies during the 2nd quarter worth about $16,489,926,000. Geode Capital Management LLC lifted its stake 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 valued at $4,134,174,000 after buying an additional 673,690 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 buying an additional 495,989 shares during the period. Capital International Investors boosted its holdings in shares of TJX Companies by 2.0% in the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after buying an additional 308,408 shares during the period. Finally, Norges Bank purchased a new position in shares of TJX Companies in the fourth quarter worth approximately $2,211,975,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction that occurred on 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 directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TJX. Wells Fargo & Company cut their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 20th. Morgan Stanley set a $178.00 target price on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. UBS Group reiterated a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $171.63.

TJX Companies Stock Down 0.1%

TJX stock opened at $132.09 on Friday. The company has a 50 day moving average of $150.02 and a two-hundred day moving average of $155.33. The company has a market cap of $145.30 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.60. The TJX Companies, Inc. has a 12-month low of $130.15 and a 12-month 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 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. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the company posted $1.10 EPS. TJX Companies’s revenue was up 5.4% on a year-over-year basis. 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 analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 35.49%.

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.