355,968 Shares of The TJX Companies, Inc. $TJX Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments purchased 355,968 shares of TJX Companies during the third quarter, valued at approximately $47.1 million. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly earnings of $1.22 per share, exceeding estimates of $1.19, while revenue rose 5.4% year over year to $15.18 billion.
• The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $174.95.

Mirae Asset Global Investments Co. Ltd. bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 355,968 shares of the apparel and home fashions retailer's stock, valued at approximately $47,098,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Cetera Trust Company N.A purchased a new position in TJX Companies during the second quarter worth approximately $27,000. William Mack & Associates Inc. acquired a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Evergreen Advisors LLC acquired a new position in shares of TJX Companies in the 1st quarter valued at $36,000. Cedar Mountain Advisors LLC boosted its holdings in shares of TJX Companies by 47.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $35,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.0%

NYSE TJX opened at $140.34 on Monday. The TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00. The company's 50 day moving average price is $135.71 and its 200 day moving average price is $151.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The firm has a market capitalization of $154.37 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.66 and a beta of 0.58.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same period in the previous year, the company posted $1.10 earnings per share. TJX Companies's revenue was up 5.4% compared to the same quarter last year. 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 predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

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 paid 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 dividend payout ratio (DPR) is currently 35.49%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. UBS Group restated a "buy" rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Wall Street Zen lowered TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $175.00 target price on shares of TJX Companies in a report on Tuesday, August 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of TJX Companies in a report on Monday, October 19th. 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.95.

TJX Companies Company 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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