Munich Reinsurance Co Stock Corp in Munich Invests $45.60 Million in The TJX Companies, Inc. $TJX

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 315,482 shares of the apparel and home fashions retailer’s stock, valued at approximately $45,600,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Angeles Wealth Management LLC raised its stake in shares of TJX Companies by 1.9% in the third quarter. Angeles Wealth Management LLC now owns 8,731 shares of the apparel and home fashions retailer’s stock worth $1,262,000 after acquiring an additional 166 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its holdings in shares of TJX Companies by 12.3% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 180,844 shares of the apparel and home fashions retailer’s stock valued at $26,139,000 after purchasing an additional 19,795 shares in the last quarter. HUB Investment Partners LLC increased its holdings in shares of TJX Companies by 49.7% in the third quarter. HUB Investment Partners LLC now owns 3,042 shares of the apparel and home fashions retailer’s stock valued at $440,000 after purchasing an additional 1,010 shares in the last quarter. Guardian Capital LP raised its position in TJX Companies by 18.5% in the 3rd quarter. Guardian Capital LP now owns 151,824 shares of the apparel and home fashions retailer’s stock worth $21,945,000 after purchasing an additional 23,664 shares during the last quarter. Finally, Marietta Investment Partners LLC raised its position in TJX Companies by 48.1% in the 3rd quarter. Marietta Investment Partners LLC now owns 3,161 shares of the apparel and home fashions retailer’s stock worth $457,000 after purchasing an additional 1,027 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TJX shares. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Robert W. Baird set a $168.00 price target on TJX Companies in a research note on Wednesday, December 17th. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Bank of America boosted their price objective on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Stock Performance

TJX stock opened at $159.61 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $162.68. The business’s fifty day moving average is $155.30 and its 200-day moving average is $148.55. The company has a market cap of $177.24 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 3.70 and a beta of 0.73.

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

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 12th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 34.84%.

About TJX Companies

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.