CIBC Asset Management Inc Has $66.41 Million Stock Holdings in The TJX Companies, Inc. $TJX

CIBC Asset Management Inc decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,537 shares of the apparel and home fashions retailer’s stock after selling 15,436 shares during the period. CIBC Asset Management Inc’s holdings in TJX Companies were worth $66,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of TJX Companies in the 2nd quarter valued at $1,808,774,000. Laurel Wealth Advisors LLC increased its holdings in TJX Companies by 12,417.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after purchasing an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC increased its holdings in TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after purchasing an additional 2,743,676 shares in the last quarter. ABN AMRO Bank N.V. bought a new position in TJX Companies in the second quarter valued at about $244,687,000. Finally, Mirova US LLC boosted its stake in shares of TJX Companies by 164.5% during the second quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock valued at $333,319,000 after purchasing an additional 1,678,665 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other 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 directly owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 535,143 shares in the company, valued at approximately $79,634,629.83. This trade represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,863 shares of company stock worth $8,226,366 in the last three months. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $153.17 on Friday. The firm has a market cap of $170.09 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 3.21 and a beta of 0.75. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48. The business’s 50 day moving average price is $153.91 and its two-hundred day moving average price is $142.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $15.12 billion during the quarter, compared to analyst estimates 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 previous year, the business posted $1.14 EPS. 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 anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio is 37.53%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays set a $172.00 price objective on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, December 4th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday. Evercore ISI lifted their price target on shares of TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Bank of America boosted their price objective on shares of TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Buy” and an average price target of $163.86.

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.