AIA Group Ltd Purchases 44,006 Shares of The TJX Companies, Inc. $TJX

AIA Group Ltd boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1,950.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,262 shares of the apparel and home fashions retailer’s stock after buying an additional 44,006 shares during the quarter. AIA Group Ltd’s holdings in TJX Companies were worth $6,687,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TJX. Lavaca Capital LLC bought a new position in TJX Companies during the 2nd quarter worth $25,000. Dogwood Wealth Management LLC lifted its holdings in TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 92 shares during the period. GGM Financials LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $27,000. Imprint Wealth LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of TJX Companies in the third quarter valued at about $28,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on TJX. The Goldman Sachs Group lifted their price objective on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Bank of America increased their target price on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Citigroup restated a “buy” rating and set a $168.00 price target (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Stock Down 1.6%

TJX Companies stock opened at $152.83 on Thursday. The firm has a market capitalization of $169.71 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 3.57 and a beta of 0.73. The firm’s fifty day moving average price is $155.61 and its two-hundred day moving average price is $149.74. The TJX Companies, Inc. has a 1-year low of $113.98 and a 1-year high of $162.68. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 earnings per share. 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. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade 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 the SEC website. Company insiders own 0.13% of the company’s stock.

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.