OFI Invest Asset Management Invests $47.08 Million in The TJX Companies, Inc. $TJX

OFI Invest Asset Management acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 306,492 shares of the apparel and home fashions retailer’s stock, valued at approximately $47,080,000.

Several other large investors have also recently made changes to their positions in the stock. Hager Investment Management Services LLC lifted its holdings in shares of TJX Companies by 848.2% in the 4th quarter. Hager Investment Management Services LLC now owns 13,417 shares of the apparel and home fashions retailer’s stock worth $2,061,000 after acquiring an additional 12,002 shares during the last quarter. Darwin Wealth Management LLC lifted its holdings in shares of TJX Companies by 0.8% in the 4th quarter. Darwin Wealth Management LLC now owns 11,738 shares of the apparel and home fashions retailer’s stock worth $1,803,000 after acquiring an additional 93 shares during the last quarter. Newman Dignan & Sheerar Inc. lifted its holdings in shares of TJX Companies by 9.7% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 6,519 shares of the apparel and home fashions retailer’s stock worth $1,001,000 after acquiring an additional 576 shares during the last quarter. Westfuller Advisors LLC lifted its holdings in shares of TJX Companies by 6.8% in the 4th quarter. Westfuller Advisors LLC now owns 2,559 shares of the apparel and home fashions retailer’s stock worth $393,000 after acquiring an additional 164 shares during the last quarter. Finally, Jackson Square Capital LLC lifted its holdings in shares of TJX Companies by 18.3% in the 4th quarter. Jackson Square Capital LLC now owns 45,782 shares of the apparel and home fashions retailer’s stock worth $7,033,000 after acquiring an additional 7,096 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Price Performance

TJX Companies stock opened at $161.67 on Thursday. The firm has a market cap of $178.94 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 3.71 and a beta of 0.73. The TJX Companies, Inc. has a 52-week low of $119.75 and a 52-week high of $162.68. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $156.76 and its two-hundred day moving average is $151.71.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 9.10% and a return on equity of 57.70%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Barclays upped their price objective on shares of TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a report on Thursday, January 8th. UBS Group restated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Four analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $167.55.

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.