Mackenzie Financial Corp Boosts Stock Position in The TJX Companies, Inc. $TJX

Mackenzie Financial Corp raised its position in The TJX Companies, Inc. (NYSE:TJX) by 81.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,198,579 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,433,801 shares during the period. Mackenzie Financial Corp owned about 0.29% of TJX Companies worth $462,323,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Banco Santander S.A. boosted its position in shares of TJX Companies by 24.6% in the third quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after acquiring an additional 31,631 shares during the last quarter. Bank of Nova Scotia grew its holdings in TJX Companies by 129.9% in 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 purchasing an additional 152,453 shares during the period. Empowered Funds LLC increased its position in TJX Companies by 66.6% during the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after purchasing an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. raised its stake in 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 worth $53,480,000 after purchasing an additional 76,400 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in TJX Companies by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after purchasing an additional 8,006 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX opened at $159.51 on Wednesday. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $162.68. The company has a 50 day moving average of $155.42 and a two-hundred day moving average of $149.03. The company has a market cap of $177.13 billion, a P/E ratio of 32.69, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion for 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 business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. 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, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction dated 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 owned 479,316 shares in the company, valued at $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 SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on TJX. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a report on Wednesday, December 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 target price on shares of TJX Companies in a research report on Tuesday, November 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a report on Tuesday, January 6th. Bank of America boosted their price target on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $162.00 price target (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $167.55.

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.