The TJX Companies, Inc. $TJX Stock: Cidel Asset Management Inc. Grows Position

Key Points

• Cidel Asset Management increased its TJX position by 1,406% in the third quarter, holding 68,386 shares valued at approximately $9.05 million. Institutional investors collectively own 91.09% of the company.
• Analysts remain broadly positive, with 21 Buy ratings and four Hold ratings, giving TJX a consensus “Moderate Buy” rating and an average price target of $174.95.
• TJX exceeded quarterly earnings expectations with $1.22 EPS and $15.18 billion in revenue, while revenue rose 5.4% year over year. The company also declared a quarterly dividend of $0.48 per share, representing a 1.4% yield.

Cidel Asset Management Inc. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1,406.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,386 shares of the apparel and home fashions retailer's stock after acquiring an additional 63,845 shares during the period. Cidel Asset Management Inc.'s holdings in TJX Companies were worth $9,048,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TJX. Blue Fin Capital Inc. lifted its holdings in shares of TJX Companies by 0.7% during the 3rd quarter. Blue Fin Capital Inc. now owns 30,245 shares of the apparel and home fashions retailer's stock valued at $4,002,000 after acquiring an additional 209 shares in the last quarter. Summit Global Investments boosted its position in TJX Companies by 1.4% during the 3rd quarter. Summit Global Investments now owns 6,885 shares of the apparel and home fashions retailer's stock worth $911,000 after purchasing an additional 93 shares during the period. Invera Wealth Advisors LLC boosted its position in TJX Companies by 2.4% during the 3rd quarter. Invera Wealth Advisors LLC now owns 18,504 shares of the apparel and home fashions retailer's stock worth $2,448,000 after purchasing an additional 439 shares during the period. Modera Wealth Management LLC increased its holdings in TJX Companies by 15.8% in the 3rd quarter. Modera Wealth Management LLC now owns 9,492 shares of the apparel and home fashions retailer's stock valued at $1,256,000 after purchasing an additional 1,293 shares in the last quarter. Finally, Petros Family Wealth LLC increased its holdings in TJX Companies by 22.1% in the 3rd quarter. Petros Family Wealth LLC now owns 10,092 shares of the apparel and home fashions retailer's stock valued at $1,335,000 after purchasing an additional 1,824 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on TJX shares. Weiss Ratings restated a "buy (b)" rating on shares of TJX Companies in a research note on Monday, October 19th. UBS Group reiterated a "buy" rating and issued a $198.00 target price (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Evercore reiterated an "outperform" rating and set a $173.00 target price (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. BTIG Research reissued a "buy" rating and set a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Wolfe Research started coverage on TJX Companies in a report on Wednesday, October 21st. They issued a "peer perform" rating for the company. Twenty-one equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.95.

TJX Companies Price Performance

Shares of NYSE TJX opened at $140.34 on Friday. The TJX Companies, Inc. has a fifty-two week low of $122.78 and a fifty-two week high of $170.00. The business has a 50 day moving average price of $135.71 and a two-hundred day moving average price of $151.19. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a market cap of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.56.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the company posted $1.10 EPS. TJX Companies's quarterly revenue was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Sell-side analysts expect that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies's dividend payout ratio is 35.49%.

TJX Companies Profile

The TJX Companies, Inc NYSE: TJX is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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