2,544,960 Shares in The TJX Companies, Inc. $TJX Purchased by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,544,960 shares of the apparel and home fashions retailer’s stock, valued at approximately $385,561,000. Caisse de depot et placement du Quebec owned about 0.23% of TJX Companies as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TJX. Swiss Life Asset Management Ltd increased its position in TJX Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after acquiring an additional 32,407 shares during the last quarter. Danske Bank A S purchased a new position in TJX Companies in the second quarter worth about $829,000. J.Safra Asset Management Corp grew its stake in shares of TJX Companies by 78.3% during the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after purchasing an additional 2,989 shares during the period. Bluedoor Private Wealth LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at about $2,559,000. Finally, BNP Paribas increased its position in shares of TJX Companies by 346.0% during the 4th quarter. BNP Paribas now owns 11,626 shares of the apparel and home fashions retailer’s stock valued at $1,786,000 after purchasing an additional 9,019 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 0.8%

Shares of NYSE:TJX opened at $139.54 on Wednesday. The stock has a 50 day moving average of $154.57 and a 200 day moving average of $156.50. The company has a market cap of $154.15 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $134.74 and a 12-month high of $170.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio is 35.49%.

Insider Activity

In other news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director directly owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock valued at $20,959,476 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a report on Tuesday. UBS Group reaffirmed a “buy” rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Gordon Haskett reissued an “accumulate” rating and set a $155.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.16.

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.