National Bank of Canada FI Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• National Bank of Canada FI increased its holdings in The TJX Companies, Inc. by 27.7%, owning approximately 1.19 million shares worth $145.4 million after additional purchases.
• Multiple institutional investors grew their stakes in TJX, with notable increases from Shell Asset Management (16.5%) and Pathstone Holdings (10.1%), highlighting strong institutional interest.
• Analysts have a consensus rating of "Buy" for TJX Companies, with an average price target of $141.06, indicating positive market sentiment towards the stock's future performance.

National Bank of Canada FI boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 27.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,193,483 shares of the apparel and home fashions retailer's stock after buying an additional 258,654 shares during the quarter. National Bank of Canada FI owned 0.11% of TJX Companies worth $145,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shell Asset Management Co. grew its position in TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after buying an additional 4,128 shares during the period. Pathstone Holdings LLC boosted its stake in TJX Companies by 10.1% during the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares during the last quarter. Ethic Inc. grew its stake in TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co increased its holdings in shares of TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after purchasing an additional 144,113 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its holdings in shares of TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after acquiring an additional 8,319 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on TJX shares. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Robert W. Baird upped their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, Barclays reissued an "overweight" rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Buy" and an average price target of $141.06.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were 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 in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

TJX Companies Trading Down 0.1%

TJX opened at $131.97 on Friday. The business has a fifty day moving average price of $125.32 and a 200 day moving average price of $124.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The stock has a market capitalization of $147.42 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 3.08 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

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.

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