The TJX Companies, Inc. $TJX Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 42.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 431,291 shares of the apparel and home fashions retailer’s stock after acquiring an additional 128,070 shares during the quarter. Cibc World Market Inc.’s holdings in TJX Companies were worth $66,251,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Intellectus Partners LLC grew its stake in TJX Companies by 1.1% in the 4th quarter. Intellectus Partners LLC now owns 6,299 shares of the apparel and home fashions retailer’s stock valued at $968,000 after acquiring an additional 67 shares during the period. Sivia Capital Partners LLC grew its stake in TJX Companies by 197.6% in the 4th quarter. Sivia Capital Partners LLC now owns 11,096 shares of the apparel and home fashions retailer’s stock valued at $1,704,000 after acquiring an additional 7,368 shares during the period. Greenspring Advisors LLC acquired a new stake in TJX Companies in the 4th quarter valued at $606,000. Marietta Investment Partners LLC grew its stake in TJX Companies by 4.4% in the 4th quarter. Marietta Investment Partners LLC now owns 3,299 shares of the apparel and home fashions retailer’s stock valued at $507,000 after acquiring an additional 138 shares during the period. Finally, REAP Financial Group LLC grew its stake in TJX Companies by 17.2% in the 4th quarter. REAP Financial Group LLC now owns 792 shares of the apparel and home fashions retailer’s stock valued at $122,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 2.8%

Shares of TJX opened at $158.04 on Thursday. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $156.81 and its two-hundred day moving average is $155.31. The stock has a market cap of $174.58 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 3.34 and a beta of 0.62.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Research analysts forecast that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s payout ratio is presently 37.28%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TJX. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Barclays reaffirmed an “overweight” rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, UBS Group reaffirmed a “neutral” rating and set a $197.00 target price (up from $193.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus price target of $174.58.

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.