254,400 Shares in The TJX Companies, Inc. $TJX Purchased by Factory Mutual Insurance Co.

Key Points

• Factory Mutual Insurance Co. opened a TJX position, acquiring 254,400 shares worth about $33.66 million in the third quarter. Institutional investors collectively own 91.09% of the stock.
• TJX reported quarterly EPS of $1.22, topping the $1.19 consensus, while revenue of $15.18 billion slightly exceeded estimates and rose 5.4% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $174.95. TJX also announced a quarterly dividend of $0.48 per share, equivalent to a 1.4% yield.

Factory Mutual Insurance Co. acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 254,400 shares of the apparel and home fashions retailer's stock, valued at approximately $33,660,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CrossGen Wealth LLC lifted its holdings in TJX Companies by 6.4% during the third quarter. CrossGen Wealth LLC now owns 15,047 shares of the apparel and home fashions retailer's stock worth $1,991,000 after buying an additional 900 shares during the period. Aware Super Pty Ltd as trustee of Aware Super boosted its holdings in TJX Companies by 18.3% in the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 397,451 shares of the apparel and home fashions retailer's stock worth $52,587,000 after acquiring an additional 61,345 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in TJX Companies by 23.7% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,189 shares of the apparel and home fashions retailer's stock worth $290,000 after purchasing an additional 420 shares in the last quarter. One Way Holdings LLC lifted its stake in shares of TJX Companies by 7.0% during the third quarter. One Way Holdings LLC now owns 169,815 shares of the apparel and home fashions retailer's stock worth $22,468,000 after buying an additional 11,112 shares during the period. Finally, Welch Group LLC lifted its position in TJX Companies by 8.1% during the 3rd quarter. Welch Group LLC now owns 86,680 shares of the apparel and home fashions retailer's stock worth $11,469,000 after acquiring an additional 6,532 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Down 2.5%

TJX Companies stock opened at $137.54 on Wednesday. The stock has a market cap of $151.29 billion, a PE ratio of 25.42, a P/E/G ratio of 2.67 and a beta of 0.58. The TJX Companies, Inc. has a 1-year low of $122.78 and a 1-year high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The stock's fifty day moving average is $135.65 and its two-hundred day moving average is $151.02.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, sell-side analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies's payout ratio is presently 35.49%.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Bank of America decreased their price objective on shares of TJX Companies from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Tuesday, October 27th. Sanford C. Bernstein reissued an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a report on Tuesday, August 25th. UBS Group reiterated a "buy" rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Evercore restated an "outperform" rating and issued a $173.00 target price (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Finally, Wolfe Research started coverage on TJX Companies in a research report on Wednesday, October 21st. They set a "peer perform" rating for the company. Twenty-one equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $174.95.

TJX Companies Profile

The TJX Companies, Inc NYSE: TJX is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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