Principal Financial Group Inc. Has $341.86 Million Stock Position in The TJX Companies, Inc. $TJX

Principal Financial Group Inc. grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,225,527 shares of the apparel and home fashions retailer's stock after acquiring an additional 65,399 shares during the quarter. Principal Financial Group Inc. owned 0.20% of TJX Companies worth $341,863,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Trust Point Inc. boosted its stake in shares of TJX Companies by 1.3% during the 4th quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer's stock worth $803,000 after buying an additional 66 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in shares of TJX Companies by 1.6% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer's stock valued at $651,000 after buying an additional 66 shares during the last quarter. Tempus Wealth Planning LLC boosted its holdings in shares of TJX Companies by 0.5% in the 4th quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer's stock valued at $1,886,000 after buying an additional 67 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of TJX Companies by 3.0% in the 4th quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer's stock valued at $371,000 after buying an additional 69 shares during the last quarter. Finally, Bigelow Investment Advisors LLC boosted its holdings in shares of TJX Companies by 0.6% in the 4th quarter. Bigelow Investment Advisors LLC now owns 11,006 shares of the apparel and home fashions retailer's stock valued at $1,691,000 after buying an additional 69 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.2%

TJX stock opened at $154.94 on Wednesday. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $165.82. The stock has a market cap of $171.34 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 3.56 and a beta of 0.64. The company has a fifty day moving average price of $158.44 and a two-hundred day moving average price of $153.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company's revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. 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. Equities analysts anticipate that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This is a boost from TJX Companies's previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 14th. TJX Companies's dividend payout ratio is presently 34.84%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 479,316 shares of the company's stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a report on Monday, February 23rd. Weiss Ratings raised TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a report on Wednesday, April 1st. BTIG Research reissued a "buy" rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a report on Thursday, January 8th. Finally, UBS Group reiterated a "buy" rating on shares of TJX Companies in a research note on Wednesday, March 4th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $167.55.

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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