Canada Pension Plan Investment Board Buys 462,685 Shares of The TJX Companies, Inc. $TJX

Key Points

• The Canada Pension Plan Investment Board increased its stake in The TJX Companies by 293.9%, acquiring an additional 462,685 shares to reach a total ownership of approximately $75.5 million.
• Several other institutional investors also significantly boosted their holdings in TJX during the last quarter, contributing to hedge funds and institutions owning 91.09% of the company's stock.
• TJX Companies reported Q2 earnings of $1.10 EPS, exceeding analyst expectations, and also declared a quarterly dividend of $0.425 per share with a yield of 1.2%.

Canada Pension Plan Investment Board grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 293.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 620,129 shares of the apparel and home fashions retailer's stock after purchasing an additional 462,685 shares during the period. Canada Pension Plan Investment Board owned about 0.06% of TJX Companies worth $75,532,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Brighton Jones LLC boosted its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC boosted its holdings in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares during the period. Bison Wealth LLC boosted its holdings in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after acquiring an additional 955 shares during the period. Keel Point LLC boosted its holdings in TJX Companies by 19.2% during the 4th quarter. Keel Point LLC now owns 6,003 shares of the apparel and home fashions retailer's stock valued at $725,000 after acquiring an additional 966 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in TJX Companies by 0.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 216,576 shares of the apparel and home fashions retailer's stock valued at $26,165,000 after acquiring an additional 1,478 shares during the period. Institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Down 0.4%

TJX traded down $0.49 during midday trading on Monday, reaching $136.63. 4,116,829 shares of the company's stock traded hands, compared to its average volume of 5,570,308. The firm has a fifty day moving average of $128.58 and a two-hundred day moving average of $125.97. The stock has a market capitalization of $152.63 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 3.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The business's revenue was up 6.9% compared to the same quarter last year. 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, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 38.72%.

Analyst Ratings Changes

Several brokerages recently weighed in on TJX. UBS Group increased their target price on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Cowen restated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Robert W. Baird upped their price target on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. One research 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 stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price 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.