Mirova Acquires 34,123 Shares of The TJX Companies, Inc. $TJX

Mirova lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 120.5% in the 3rd quarter, Holdings Channel reports. The firm owned 62,449 shares of the apparel and home fashions retailer’s stock after acquiring an additional 34,123 shares during the period. TJX Companies accounts for 1.3% of Mirova’s portfolio, making the stock its 23rd biggest holding. Mirova’s holdings in TJX Companies were worth $9,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. AIA Group Ltd increased its holdings in TJX Companies by 1,950.6% in the 3rd quarter. AIA Group Ltd now owns 46,262 shares of the apparel and home fashions retailer’s stock worth $6,687,000 after buying an additional 44,006 shares in the last quarter. Mirabella Financial Services LLP lifted its stake in TJX Companies by 161.4% during the 3rd quarter. Mirabella Financial Services LLP now owns 26,457 shares of the apparel and home fashions retailer’s stock valued at $3,817,000 after acquiring an additional 16,334 shares during the period. Hudson Bay Capital Management LP boosted its holdings in shares of TJX Companies by 113.8% during the 3rd quarter. Hudson Bay Capital Management LP now owns 2,344 shares of the apparel and home fashions retailer’s stock valued at $339,000 after acquiring an additional 19,379 shares during the last quarter. Saranac Partners Ltd boosted its holdings in shares of TJX Companies by 6.2% during the 3rd quarter. Saranac Partners Ltd now owns 51,965 shares of the apparel and home fashions retailer’s stock valued at $7,502,000 after acquiring an additional 3,042 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of TJX Companies by 12.2% in the third quarter. Allworth Financial LP now owns 37,752 shares of the apparel and home fashions retailer’s stock worth $5,457,000 after acquiring an additional 4,095 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX opened at $152.83 on Thursday. The company’s 50 day moving average is $155.61 and its 200 day moving average is $149.74. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The company has a market cap of $169.71 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.57 and a beta of 0.73. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same period in the prior year, the company earned $1.23 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. 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, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Robert W. Baird set a $168.00 target price on shares of TJX Companies in a research report on Wednesday, December 17th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 target price on shares of TJX Companies in a research note on Tuesday, January 6th. Citigroup reissued a “buy” rating and set a $168.00 price target (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, Morgan Stanley restated an “overweight” rating and issued a $162.00 price target (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $167.55.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of 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 document filed with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

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.