National Pension Service Buys 58,408 Shares of The TJX Companies, Inc. $TJX

Key Points

• National Pension Service increased its TJX stake by 2.3% in the fourth quarter, buying 58,408 shares and bringing its total holdings to 2,580,800 shares valued at about $396.4 million.
• TJX reported strong quarterly results, posting EPS of $1.19 versus estimates of $1.02 and revenue of $14.32 billion, up 9.2% year over year and above analysts’ expectations.
• Analysts remain upbeat on the stock, with multiple firms raising or reiterating bullish ratings and a consensus “Buy” rating; TJX also raised its quarterly dividend to $0.48 per share.

National Pension Service lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,580,800 shares of the apparel and home fashions retailer's stock after purchasing an additional 58,408 shares during the quarter. National Pension Service owned about 0.23% of TJX Companies worth $396,437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of TJX Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer's stock worth $15,780,919,000 after purchasing an additional 771,882 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of TJX Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer's stock worth $4,134,174,000 after purchasing an additional 673,690 shares in the last quarter. Capital International Investors boosted its position in shares of TJX Companies by 4.2% in the 3rd quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer's stock worth $2,266,066,000 after purchasing an additional 630,574 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of TJX Companies by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer's stock worth $1,939,435,000 after purchasing an additional 392,097 shares in the last quarter. Finally, Amundi boosted its position in shares of 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 worth $1,391,822,000 after purchasing an additional 1,761,281 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TJX shares. Truist Financial set a $190.00 price target on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 21st. Barclays restated an "overweight" rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Evercore restated an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a report on Thursday, May 21st. Finally, UBS Group restated a "neutral" rating and issued a $197.00 price objective (up from $193.00) on shares of TJX Companies in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $174.58.

TJX Companies Price Performance

Shares of NYSE TJX opened at $154.82 on Friday. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The firm has a market cap of $171.20 billion, a P/E ratio of 30.06, a PEG ratio of 3.41 and a beta of 0.64. The company has a 50 day moving average of $156.81 and a 200 day moving average of $155.08. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period in the previous year, the business earned $0.92 EPS. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. 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, research analysts expect 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 will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is a boost from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's dividend payout ratio (DPR) is presently 37.28%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the sale, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

TJX Companies Company 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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