Bank Julius Baer & Co. Ltd Zurich Buys 21,037 Shares of The TJX Companies, Inc. $TJX

Key Points

• Bank Julius Baer increased its TJX Companies stake by 2.8% in the third quarter, buying 21,037 shares to hold 776,162 shares valued at approximately $103 million. Institutional investors collectively own 91.09% of the company.
• Analyst sentiment remains positive, with 21 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $174.95.
• TJX reported quarterly EPS of $1.22, exceeding estimates of $1.19, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a quarterly dividend of $0.48 per share, yielding about 1.4% annually.

Bank Julius Baer & Co. Ltd Zurich raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 776,162 shares of the apparel and home fashions retailer's stock after buying an additional 21,037 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.07% of TJX Companies worth $103,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TJX. Cetera Trust Company N.A acquired a new stake in shares of TJX Companies in the 2nd quarter worth approximately $27,000. William Mack & Associates Inc. bought a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Evergreen Advisors LLC bought a new position in shares of TJX Companies during the 1st quarter valued at about $36,000. Cedar Mountain Advisors LLC grew its position in TJX Companies by 47.7% during the first 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 in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in shares of TJX Companies in the second quarter valued at approximately $35,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company in a research note on Thursday, August 20th. Guggenheim set a $152.00 price objective on TJX Companies and gave the company a "buy" rating in a research note on Monday, August 31st. Wall Street Zen lowered TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. BTIG Research restated a "buy" rating and issued a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Finally, Wolfe Research initiated coverage on TJX Companies in a report on Wednesday, October 21st. They issued a "peer perform" rating on the stock. Twenty-one investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $174.95.

TJX Companies Stock Performance

NYSE:TJX opened at $140.34 on Monday. 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 TJX Companies, Inc. has a 12 month low of $122.78 and a 12 month high of $170.00. The business's fifty day moving average price is $135.71 and its 200 day moving average price is $151.19. The firm has a market capitalization of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

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

TJX Companies Dividend Announcement

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

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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.