The TJX Companies, Inc. $TJX Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 392,725 shares of the apparel and home fashions retailer’s stock after purchasing an additional 17,838 shares during the quarter. TJX Companies accounts for 0.7% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 26th biggest position. Achmea Investment Management B.V.’s holdings in TJX Companies were worth $56,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TJX. Banco Santander S.A. raised its position in shares of TJX Companies by 24.6% during the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock valued at $23,180,000 after acquiring an additional 31,631 shares in the last quarter. Bank of Nova Scotia boosted its stake in TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after buying an additional 152,453 shares in the last quarter. Empowered Funds LLC boosted its position in shares of TJX Companies by 66.6% in 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 purchasing an additional 30,779 shares during the period. Rheos Capital Works Inc. grew its holdings in shares of TJX Companies by 26.0% during the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after buying an additional 76,400 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its stake in TJX Companies by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after acquiring an additional 8,006 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Evercore upped their price objective 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. Morgan Stanley restated an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a report on Thursday, January 8th. Finally, BTIG Research reiterated a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Price Performance

Shares of NYSE TJX opened at $155.42 on Wednesday. The stock has a market capitalization of $172.58 billion, a PE ratio of 31.85, a P/E/G ratio of 3.59 and a beta of 0.73. The business has a fifty day moving average price of $155.64 and a two-hundred day moving average price of $149.71. The TJX Companies, Inc. has a fifty-two week low of $113.98 and a fifty-two week high of $162.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. TJX Companies’s revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies 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.