The TJX Companies, Inc. $TJX Shares Newly Acquired by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 254,400 shares of the apparel and home fashions retailer’s stock, valued at approximately $33,660,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Trust Company N.A acquired a new stake in shares of TJX Companies in the 2nd quarter worth approximately $27,000. William Mack & Associates Inc. acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Evergreen Advisors LLC acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $36,000. Cedar Mountain Advisors LLC lifted its position in shares of TJX Companies by 47.7% in the first quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in TJX Companies in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 2.5%

TJX stock opened at $137.54 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The TJX Companies, Inc. has a 1-year low of $122.78 and a 1-year high of $170.00. The firm has a fifty day moving average price of $135.65 and a two-hundred day moving average price of $151.02. The firm has a market cap of $151.29 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.67 and a beta of 0.58.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Research analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s dividend payout ratio is 35.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on TJX Companies from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Guggenheim set a $152.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Monday, August 31st. Morgan Stanley set a $178.00 price target on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company reduced their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.95.

About TJX Companies

The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.