The TJX Companies, Inc. $TJX Stock: Cidel Asset Management Inc. Raises Stake

Cidel Asset Management Inc. grew its position in The TJX Companies, Inc. (NYSE:TJX) by 1,406.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,386 shares of the apparel and home fashions retailer’s stock after acquiring an additional 63,845 shares during the quarter. Cidel Asset Management Inc.’s holdings in TJX Companies were worth $9,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. BlackRock Inc. acquired a new position in TJX Companies in the second quarter worth $16,489,926,000. State Street Corp raised its holdings in shares of TJX Companies by 2.9% during the second quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock worth $7,530,947,000 after purchasing an additional 1,388,026 shares during the period. Bank of America Corp DE acquired a new stake in shares of TJX Companies during the second quarter worth $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of TJX Companies by 7.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock worth $1,902,841,000 after purchasing an additional 883,294 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of TJX Companies in the 2nd quarter worth about $1,598,731,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on TJX. Daiwa Securities Group decreased their price target on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. The Goldman Sachs Group dropped their price objective on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $168.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Guggenheim set a $152.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, UBS Group reaffirmed a “buy” rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.95.

TJX Companies Stock Performance

TJX stock opened at $140.34 on Friday. The TJX Companies, Inc. has a 1 year low of $122.78 and a 1 year high of $170.00. The stock has a market capitalization of $154.37 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.66 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The stock’s fifty day moving average is $135.71 and its two-hundred day moving average is $151.19.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company’s quarterly 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, research analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s dividend payout ratio is 35.49%.

About TJX Companies

The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.