Czech National Bank Increases Stake in The TJX Companies, Inc. $TJX

Key Points

• Czech National Bank increased its stake in The TJX Companies by 3.6% in Q4, adding 10,122 shares to hold 293,466 shares worth about $45.08 million.
• TJX beat Q4 expectations with EPS of $1.43 vs. $1.38 and revenue of $17.74 billion vs. $17.36 billion, and issued FY2027 guidance of $4.930–$5.020 EPS (Q1 guidance $0.970–$0.990).
• Institutional ownership is high at 91.09% with recent large purchases from investors like Norges Bank and AllianceBernstein, and analysts carry a consensus Buy rating with an average target of $167.55.

Czech National Bank increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 293,466 shares of the apparel and home fashions retailer's stock after acquiring an additional 10,122 shares during the quarter. Czech National Bank's holdings in TJX Companies were worth $45,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $1,808,774,000. Alliancebernstein L.P. boosted its stake in shares of TJX Companies by 91.6% during the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock valued at $970,185,000 after purchasing an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock valued at $620,406,000 after purchasing an additional 2,743,676 shares in the last quarter. Amundi increased its holdings in TJX Companies by 22.1% during the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock valued at $1,391,822,000 after buying an additional 1,761,281 shares during the period. Finally, Mackenzie Financial Corp raised its stake in TJX Companies by 81.2% in the third quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock worth $462,323,000 after buying an additional 1,433,801 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TJX. Wall Street Zen cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Guggenheim raised TJX Companies to a "strong-buy" rating in a research report on Wednesday, December 10th. Barclays raised their price objective on TJX Companies from $172.00 to $183.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. UBS Group reiterated a "buy" rating on shares of TJX Companies in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company reiterated a "positive" rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $167.55.

TJX Companies Stock Performance

Shares of TJX stock opened at $159.66 on Thursday. The business's fifty day simple moving average is $155.58 and its 200-day simple moving average is $150.36. The company has a market cap of $177.30 billion, a PE ratio of 32.72, a PEG ratio of 3.64 and a beta of 0.73. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $116.37 and a 12-month high of $162.68.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $17.36 billion. During the same quarter last year, the firm earned $1.23 EPS. The business's quarterly revenue was up 8.5% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the sale, the chief executive officer owned 479,316 shares of the company's stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

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.

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