Aviso Financial Inc. Buys 11,459 Shares of The TJX Companies, Inc. $TJX

Key Points

• Aviso Financial Inc. increased its stake in The TJX Companies by 20% during the first quarter, now holding 68,834 shares valued at approximately $8.4 million.
• Several institutional investors, including Brighton Jones LLC and Capital Research Global Investors, have significantly increased their holdings in TJX Companies, indicating strong institutional interest.
• Analysts are optimistic about TJX's prospects, with a majority rating the stock as a "buy" and raising price targets, reflecting confidence in the company's future performance.

Aviso Financial Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,834 shares of the apparel and home fashions retailer's stock after acquiring an additional 11,459 shares during the period. Aviso Financial Inc.'s holdings in TJX Companies were worth $8,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TJX. Nuveen LLC purchased a new stake in shares of TJX Companies during the 1st quarter worth approximately $1,330,717,000. GAMMA Investing LLC raised its holdings in TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after buying an additional 2,892,151 shares during the period. Capital Research Global Investors raised its holdings in TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after buying an additional 2,266,415 shares during the period. Northern Trust Corp raised its holdings in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the period. Finally, Royal Bank of Canada raised its holdings in TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after buying an additional 1,403,561 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

TJX Companies Trading Down 0.7%

TJX Companies stock traded down $0.9210 during mid-day trading on Thursday, hitting $137.3490. The company's stock had a trading volume of 6,954,479 shares, compared to its average volume of 5,364,848. The company has a 50 day moving average of $126.48 and a 200-day moving average of $125.31. The stock has a market cap of $153.43 billion, a PE ratio of 32.32, a P/E/G ratio of 3.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.TJX Companies's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is presently 40.00%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Daiwa Capital Markets assumed coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target on the stock. Citigroup increased their price target on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday. Bank of America increased their price target on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company increased their price target on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Daiwa America upgraded TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.