Zurich Insurance Group Ltd FI Purchases New Shares in The TJX Companies, Inc. $TJX

Key Points

• Zurich Insurance Group Ltd FI has purchased 745,630 shares of The TJX Companies, valued at approximately $90.8 million, representing 0.07% of the company's stock.
• Several other institutional investors, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their stakes in TJX Companies during the first quarter.
• Analysts maintain a predominantly positive outlook for TJX Companies, with 21 analysts issuing a Buy rating and a price target average of $147.58.

Zurich Insurance Group Ltd FI acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 745,630 shares of the apparel and home fashions retailer's stock, valued at approximately $90,818,000. Zurich Insurance Group Ltd FI owned approximately 0.07% of TJX Companies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TJX. TCTC Holdings LLC grew its holdings in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies in the first quarter valued at approximately $37,000. Finally, Activest Wealth Management grew its holdings in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TJX shares. Erste Group Bank started coverage on shares of TJX Companies in a report on Friday, September 5th. They set a "buy" rating for the company. TD Securities boosted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Citigroup boosted their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Robert W. Baird boosted their price target on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, Sanford C. Bernstein boosted their price target on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Up 0.7%

Shares of NYSE:TJX traded up $0.97 during trading on Thursday, hitting $140.83. 5,197,344 shares of the company were exchanged, compared to its average volume of 5,271,569. The stock has a market capitalization of $156.74 billion, a P/E ratio of 32.08, a PEG ratio of 3.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The firm's 50 day moving average price is $131.12 and its 200-day moving average price is $126.87.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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.