Czech National Bank Increases Investment in The TJX Companies, Inc.

The Czech National Bank has recently increased its investment in The TJX Companies, Inc. (NYSE:TJX) by 6.2% during the fourth quarter. This information was disclosed in its latest 13F filing submitted to the Securities and Exchange Commission (SEC). After acquiring an additional 14,323 shares over the period, the institutional investor now holds a total of 244,546 shares of the popular apparel and home fashion retailer's stock. The value of these holdings amounts to approximately $29,544,000 at the conclusion of the last reporting period.

In addition to the Czech National Bank, several other institutional investors have also adjusted their positions in TJX. For instance, Ameriprise Financial Inc. raised its stake in TJX Companies by 33.4% in the previous quarter. With this increase, Ameriprise now holds 12,241,176 shares, valued at around $1,347,934,000, after acquiring an extra 3,063,318 shares. Capital Wealth Planning LLC also purchased a new shareholding in the second quarter worth about $315,698,000.

Moreover, International Assets Investment Management LLC reported an astonishing increase of 13,309.4% in its position during the third quarter, bringing its ownership to 1,191,155 shares worth $140,008,000 after buying an additional 1,182,272 shares. Caisse DE Depot ET Placement DU Quebec has increased its holdings by 161.3% in the same period, holding 1,786,652 shares valued at $210,003,000 after purchasing an extra 1,102,912 shares. Lastly, Robeco Institutional Asset Management B.V. raised its investments by an impressive 281.6%, now owning 1,235,037 shares estimated at $145,166,000, following the acquisition of 911,351 additional shares in the last quarter. Institutional investors collectively own about 91.09% of the company's stock.

TJX Companies Stock Performance

As of Monday, shares of TJX Companies opened at $120.00. The company has a fifty-day simple moving average of $122.06 and a two-hundred-day simple moving average of $117.21. The stock has experienced a low of $92.35 and a high of $128.00 in the past twelve months, indicating some volatility. Other financial metrics show that the company has a current ratio of 1.19, a quick ratio of 0.50, and a debt-to-equity ratio of 0.35. Overall, The TJX Companies, Inc. has a market capitalization of $134.90 billion, a price-to-earnings (PE) ratio of 28.24, and a price-to-earnings-growth (PEG) ratio of 3.07.

Earnings Summary of TJX Companies

The TJX Companies, Inc. released its latest quarterly earnings results on November 20th. The retailer reported earnings per share (EPS) of $1.14, which exceeded analysts' expectations of $1.09 by $0.05. For the quarter, the company generated revenue of $14.06 billion, surpassing the consensus estimate of $13.95 billion. Furthermore, the company reported a net margin of 8.63% and a remarkable return on equity of 61.82%. Compared to the same period one year earlier, TJX Companies' revenue has increased by 6.0%, compared to an EPS of $1.03 in the prior year. Analysts predict that The TJX Companies, Inc. will report an EPS of 4.18 for the current fiscal year.

Dividend Declaration

Recently, the company declared a quarterly dividend that is set to be paid on March 6th. Shareholders listed on record as of February 13th will receive a dividend of $0.375 per share. The ex-dividend date is scheduled for February 13th. This leads to an annualized dividend payout of $1.50, offering a dividend yield of 1.25%. Currently, TJX Companies has a dividend payout ratio of 35.29%.

Analyst Ratings Update

Several equity research analysts have provided updated ratings and price forecasts for TJX shares. UBS Group has increased its price target from $148.00 to $151.00, maintaining a "buy" rating in a recent note. Evercore ISI also raised its target from $138.00 to $142.00, describing the stock as "outperform" in their review on November 21st. Further, TD Cowen raised its price objective from $130.00 to $132.00, brandishing a "buy" rating, while Telsey Advisory Group restated an "outperform" rating with a target of $134.00. Deutsche Bank Aktiengesellschaft lifted its target from $130.00 to $131.00, continuing the trend of positive adjustments. As it stands, three analysts have rated the stock as a hold, while sixteen have given it a buy rating. According to MarketBeat, the average rating for the stock is categorized as a "Moderate Buy" with a mean price target set at $131.33.

Company Overview

The TJX Companies, Inc. operates as an off-price retailer specializing in apparel and home fashions across various geographical locations including the United States, Canada, Europe, and Australia. The company operates under four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The organization offers a wide range of products, from family apparel and accessories to home decor items and furniture.

Czech, Investment, Shares