Cibc World Market Inc. Buys New Position in The TJX Companies, Inc. $TJX

Cibc World Market Inc. bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 422,311 shares of the apparel and home fashions retailer's stock, valued at approximately $63,980,000.

Several other institutional investors have also added to or reduced their stakes in the business. Swiss Life Asset Management Ltd grew its position in TJX Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer's stock worth $57,363,000 after acquiring an additional 32,407 shares in the last quarter. Danske Bank A S purchased a new stake in TJX Companies during the second quarter valued at approximately $829,000. J.Safra Asset Management Corp lifted its stake in shares of TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer's stock valued at $1,045,000 after purchasing an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $2,559,000. Finally, BNP Paribas boosted its holdings in shares of TJX Companies by 346.0% in the 4th quarter. BNP Paribas now owns 11,626 shares of the apparel and home fashions retailer's stock worth $1,786,000 after purchasing an additional 9,019 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company's stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares of the company's stock, valued at $10,330,597.89. This represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by insiders.

TJX Companies Stock Performance

TJX stock opened at $140.58 on Monday. The TJX Companies, Inc. has a twelve month low of $134.74 and a twelve month high of $170.00. The firm has a market cap of $155.30 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.71 and a beta of 0.62. The business's fifty day simple moving average is $155.63 and its two-hundred day simple moving average is $156.68. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

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

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies's dividend payout ratio is currently 35.49%.

More TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX reported revenue of $15.18 billion and adjusted EPS of $1.22, surpassing consensus estimates of $15.16 billion and $1.19, respectively. Comparable-store sales increased 4%, while adjusted earnings rose 11% year over year. TJX beats Q2 expectations despite self-inflicted apparel slump
• Positive Sentiment: Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations, supporting the company’s longer-term growth outlook. TJX outlines 7,500-store target while raising FY2027 EPS
• Positive Sentiment: Winners, Marshalls and HomeSense are reportedly gaining significant market share in Canada, while HomeGoods and international operations also provided important sources of strength. TJX says Canadian banners are gaining market share
• Neutral Sentiment: Some analysts view the post-earnings sell-off as a buying opportunity, with BTIG reaffirming a Buy rating and a $190 price target; UBS characterized the Marmaxx weakness as potentially isolated. A rare stumble at TJX has Wall Street spooked
• Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls in the United States, delivered a disappointing comparable-sales performance. Management blamed merchandising and apparel-mix mistakes, but analysts also cited tougher off-price competition and consumer resistance to price increases. TJX blames merchandising missteps for rare US miss
• Negative Sentiment: Fiscal third-quarter guidance fell short of expectations, increasing concerns about near-term margin pressure and execution. Citi downgraded TJX to Neutral, while Wells Fargo cut its price target to $140 and assigned an Equal Weight rating. TJX Q2 beat but Marmaxx lags and Q3 guidance falls short

Analyst Ratings Changes

Several analysts recently weighed in on TJX shares. Wall Street Zen lowered TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a research note on Monday, May 18th. Barclays set a $188.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday. Gordon Haskett reissued an "accumulate" rating and issued a $155.00 target price on shares of TJX Companies in a research note on Thursday. Finally, Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.89.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women's, men's and children's apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company's business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source