Eurizon Capital SGR S.p.A. Makes New $65.29 Million Investment in The TJX Companies, Inc. $TJX

Eurizon Capital SGR S.p.A. bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 424,684 shares of the apparel and home fashions retailer’s stock, valued at approximately $65,286,000.

A number of other large investors have also added to or reduced their stakes in TJX. Dogwood Wealth Management LLC raised its holdings in TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 92 shares in the last quarter. Entrust Financial LLC bought a new position in TJX Companies in the fourth quarter worth about $26,000. GGM Financials LLC bought a new position in TJX Companies in the third quarter worth about $27,000. Joseph Group Capital Management bought a new position in TJX Companies in the fourth quarter worth about $27,000. Finally, IMG Wealth Management Inc. raised its holdings in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

TJX has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Citigroup restated a “buy” rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Barclays restated an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Wells Fargo & Company restated an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $174.58.

TJX Companies Price Performance

Shares of NYSE TJX opened at $155.03 on Friday. 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 TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82. The business’s 50 day moving average price is $156.85 and its 200 day moving average price is $155.08. The firm has a market cap of $171.44 billion, a P/E ratio of 30.10, a P/E/G ratio of 3.36 and a beta of 0.64.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. 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. On average, sell-side analysts expect that The TJX Companies, Inc. will post 5.15 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.48 per share. This is a positive change 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 dividend yield of 1.2%. TJX Companies’s payout ratio is 37.28%.

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.