Mediolanum International Funds Ltd Increases Stake in The TJX Companies, Inc. $TJX

Mediolanum International Funds Ltd grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 562,131 shares of the apparel and home fashions retailer’s stock after buying an additional 26,924 shares during the period. TJX Companies comprises approximately 0.8% of Mediolanum International Funds Ltd’s holdings, making the stock its 16th biggest position. Mediolanum International Funds Ltd’s holdings in TJX Companies were worth $80,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank of Nova Scotia increased its stake in TJX Companies by 129.9% during the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after buying an additional 152,453 shares during the period. Empowered Funds LLC grew its stake in shares of TJX Companies by 66.6% in 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 acquiring an additional 30,779 shares in the last quarter. Rheos Capital Works Inc. increased its position in shares of 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 acquiring an additional 76,400 shares during the period. Hendley & Co. Inc. increased its position in shares of TJX Companies by 75.0% during the second 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 during the period. Finally, Savoir Faire Capital Management L.P. raised its stake in shares of TJX Companies by 45.7% in the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock valued at $11,760,000 after acquiring an additional 25,534 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the transaction, the director owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the sale, the chief executive officer owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. This represents a 5.31% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 54,863 shares of company stock worth $8,226,366. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $162.00 target price (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Evercore ISI boosted their price objective on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Barclays set a $172.00 target price on shares of TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Citigroup reiterated a “buy” rating and issued a $168.00 price target (up previously from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned 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 price target of $163.86.

TJX Companies Stock Performance

Shares of TJX opened at $149.80 on Friday. The company has a market capitalization of $166.35 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 3.09 and a beta of 0.75. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $154.03 and a 200 day moving average price of $143.73.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the previous year, the firm earned $1.14 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. 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. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

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.