Fiera Capital Corp Has $756.29 Million Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Fiera Capital Corp trimmed its TJX stake by 6.1% in the fourth quarter, but still held 4.92 million shares valued at about $756.3 million, making TJX its 8th-largest holding.
• TJX delivered a strong earnings report, with Q1 EPS of $1.19 beating expectations and revenue of $14.32 billion topping forecasts; the company also raised its guidance and recently increased its quarterly dividend to $0.48 per share.
• Analysts remain broadly bullish on TJX, with an overall Buy consensus and a target price around $174.58, even as CEO Ernie Herrman and CFO John Klinger sold shares and the stock traded near its 52-week high.

Fiera Capital Corp cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,923,471 shares of the apparel and home fashions retailer's stock after selling 320,891 shares during the quarter. TJX Companies comprises about 2.4% of Fiera Capital Corp's portfolio, making the stock its 8th biggest holding. Fiera Capital Corp owned approximately 0.44% of TJX Companies worth $756,294,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TJX. Norges Bank bought a new stake in TJX Companies in the 4th quarter valued at $2,211,975,000. Alliancebernstein L.P. boosted its stake in TJX Companies by 91.6% in the 3rd 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 during the period. Corient Private Wealth LLC boosted its stake in TJX Companies by 120.7% in the 2nd 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 during the period. Amundi boosted its stake in TJX Companies by 22.1% in the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock valued at $1,391,822,000 after purchasing an additional 1,761,281 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in TJX Companies by 81.2% in the 3rd quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock valued at $462,323,000 after purchasing an additional 1,433,801 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE:TJX opened at $160.69 on Monday. The stock has a fifty day moving average price of $156.84 and a 200-day moving average price of $155.51. The company has a market cap of $177.51 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 3.49 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company's revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 14th. This is a positive change from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's dividend payout ratio is currently 37.28%.

Insiders Place Their Bets

In other news, CFO John Klinger sold 6,235 shares of the business's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of the business's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the transaction, the chief executive officer directly owned 514,848 shares of the company's stock, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 73,786 shares of company stock valued at $11,695,268. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Argus upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, March 3rd. Evercore restated an "outperform" rating and issued a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup restated a "buy" rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Barclays restated an "overweight" rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, BTIG Research boosted their price target on TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies has an average rating of "Buy" and a consensus target price of $174.58.

TJX Companies News Summary

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

• Positive Sentiment: TJX posted strong fiscal Q1 results, including 6% comparable sales growth and 29% EPS growth, and raised guidance, supporting the stock’s recent strength.
• Positive Sentiment: Analysts remain constructive on The TJX Companies, Inc., with a consensus “Buy” view and continued praise for its growth and defensive retail appeal.
• Positive Sentiment: UBS singled out TJX as a preferred consumer stock, citing its ability to grow, deliver strong returns, and exceed expectations.
• Neutral Sentiment: Recent stock gains have pushed TJX near its 52-week high, which may attract both momentum buyers and some profit-taking.
• Negative Sentiment: CEO Ernie Herrman and CFO John Klinger sold shares this week, which may weigh on sentiment even though the transactions were disclosed as routine filings.

About TJX Companies

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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