Swiss Life Asset Management Ltd Raises Stock Position in The TJX Companies, Inc. $TJX

Swiss Life Asset Management Ltd boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 19.9% in the third quarter, HoldingsChannel reports. The firm owned 341,023 shares of the apparel and home fashions retailer’s stock after buying an additional 56,535 shares during the period. Swiss Life Asset Management Ltd’s holdings in TJX Companies were worth $49,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Norges Bank acquired a new position in shares of TJX Companies in the 2nd quarter valued at about $1,808,774,000. Laurel Wealth Advisors LLC grew its holdings in TJX Companies by 12,417.0% during the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after acquiring an additional 4,024,859 shares during the period. Alliancebernstein L.P. grew its holdings in TJX Companies by 91.6% during the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after acquiring an additional 3,208,458 shares during the period. Corient Private Wealth LLC raised its position in TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after acquiring an additional 2,743,676 shares in the last quarter. Finally, ABN AMRO Bank N.V. purchased a new position in TJX Companies during the second quarter valued at approximately $244,687,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TJX shares. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. BTIG Research reissued a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Down 1.6%

TJX Companies stock opened at $152.83 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The stock has a market capitalization of $169.71 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 3.57 and a beta of 0.73. The business has a 50 day simple moving average of $155.61 and a 200-day simple moving average of $149.74. The TJX Companies, Inc. has a 12 month low of $113.98 and a 12 month high of $162.68.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $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, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.