Bank of Nova Scotia Increases Stake in The TJX Companies, Inc. $TJX

Bank of Nova Scotia increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 129.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,813 shares of the apparel and home fashions retailer’s stock after purchasing an additional 152,453 shares during the period. Bank of Nova Scotia’s holdings in TJX Companies were worth $33,319,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. First American Bank lifted its position in shares of TJX Companies by 4.5% during the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock worth $17,145,000 after purchasing an additional 5,921 shares during the last quarter. FCG Investment Co bought a new position in shares of TJX Companies in the first quarter worth about $2,620,000. MinichMacGregor Wealth Management LLC purchased a new position in TJX Companies in the 2nd quarter worth about $5,045,000. Empowered Funds LLC lifted its holdings in TJX Companies by 66.6% during the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after buying an additional 30,779 shares in the last quarter. Finally, Hendley & Co. Inc. lifted its holdings in TJX Companies by 75.0% during the 2nd quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer’s stock valued at $1,026,000 after buying an additional 3,560 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TJX. Robert W. Baird upped their target price on shares of TJX Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Telsey Advisory Group reissued an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research note on Thursday, December 4th. Citigroup restated a “buy” rating and set a $168.00 price objective (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $145.00 target price (up from $140.00) on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $160.37.

TJX Companies Stock Performance

TJX stock opened at $153.65 on Tuesday. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $154.66. The firm has a market cap of $170.62 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 3.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The firm has a 50-day simple moving average of $145.46 and a two-hundred day simple moving average of $135.74.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. TJX Companies’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a $0.425 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the sale, the director owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $148.81, for a total value of $4,464,300.00. Following the sale, the chief executive officer owned 535,143 shares in the company, valued at $79,634,629.83. The trade was a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by company insiders.

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.