Bank of Nova Scotia Purchases 152,453 Shares of The TJX Companies, Inc. $TJX

Bank of Nova Scotia grew its position in The TJX Companies, Inc. (NYSE:TJX) by 129.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 269,813 shares of the apparel and home fashions retailer’s stock after purchasing an additional 152,453 shares during the period. Bank of Nova Scotia’s holdings in TJX Companies were worth $33,319,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First American Bank lifted its position in shares of TJX Companies by 4.5% during the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock worth $17,145,000 after purchasing an additional 5,921 shares during the last quarter. FCG Investment Co purchased a new position in TJX Companies in the 1st quarter worth about $2,620,000. MinichMacGregor Wealth Management LLC bought a new stake in TJX Companies during the 2nd quarter valued at about $5,045,000. Empowered Funds LLC boosted its position in 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 buying an additional 30,779 shares during the period. Finally, Hendley & Co. Inc. grew its stake in TJX Companies by 75.0% in the 2nd quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer’s stock worth $1,026,000 after acquiring an additional 3,560 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Sanford C. Bernstein lifted their target price on TJX Companies from $152.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 target price (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Telsey Advisory Group restated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research note on Thursday, December 4th. Finally, TD Cowen lifted their price objective on TJX Companies from $162.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $160.37.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $148.81, for a total value of $4,464,300.00. Following the sale, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at $79,634,629.83. This trade represents a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $153.65 on Tuesday. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $154.66. The company has a market cap of $170.62 billion, a PE ratio of 33.92, a P/E/G ratio of 3.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The business has a 50-day simple moving average of $145.46 and a two-hundred day simple moving average of $135.74.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. TJX Companies’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s payout ratio is 37.53%.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.