Point72 Hong Kong Ltd Makes $7.74 Million Investment in The TJX Companies, Inc.

Point72 Hong Kong Ltd has recently acquired a new stake in The TJX Companies, Inc. (NYSE:TJX). As revealed in its latest Form 13F filing with the Securities and Exchange Commission, the firm bought 65,867 shares of the retailer, which specializes in apparel and home fashions. This investment is valued at approximately $7,742,000.

Other Investment Activity

In addition to Point72, several other hedge funds have adjusted their positions in TJX Companies. For instance, Ameriprise Financial Inc. increased its stake by 33.4% in the second quarter, bringing its total to 12,241,176 shares, worth around $1.35 billion after acquiring 3,063,318 additional shares. UBS Asset Management also raised its position by 7.5% in the third quarter, owning 9,182,564 shares valued at about $1.08 billion following an acquisition of 643,833 shares. Dimensional Fund Advisors LP expanded its stake by 11.8% in the second quarter, amassing 6,265,171 shares worth around $690 million. Other notable investments include 1832 Asset Management L.P., which boosted its holdings by 14.2%, and Clearbridge Investments LLC, which increased its position by 5.8%. In total, institutional investors and hedge funds own 91.09% of TJX's stock.

Analyst Ratings and Performance

Recent analyst reports have been generally positive regarding TJX Companies. Robert W. Baird raised its price target from $113.00 to $128.00, giving an "outperform" rating. Likewise, Loop Capital increased its target from $125.00 to $140.00 with a "buy" rating. However, Citigroup downgraded the stock from a "buy" to a "neutral" rating but raised its target from $110.00 to $128.00. Overall, three analysts currently rate the stock as a hold while fifteen recommend it as a buy. The consensus rating is a "Moderate Buy," with a target price of $129.47.

Insider Trading Updates

On an insider trading note, CEO Ernie Herrman sold 15,000 shares of TJX's stock on September 10th at an average price of $117.54, totaling $1,763,100. Following this transaction, the CEO now holds 536,148 shares valued at approximately $63 million, marking a 2.72% decrease in his position. Currently, corporate insiders own only 0.13% of the stock.

Stock Performance Overview

TJX Companies' stock opened at $125.69 recently, with a 52-week low of $87.44 and a high of $128.00. The company holds a quick ratio of 0.50, a current ratio of 1.19, and a debt-to-equity ratio of 0.35. Its market cap stands at $141.76 billion, a PE ratio of 29.57, and a price-to-earnings-growth ratio of 3.09. The most recent quarterly earnings, released on November 20th, showed an EPS of $1.14, beating expectations of $1.09, with revenues of $14.06 billion, up 6.0% year-over-year.

Dividend Announcement

The TJX Companies have declared a quarterly dividend of $0.375 per share, set to be paid on December 5th. Shareholders of record as of November 14th will receive this dividend, representing an annual yield of 1.19%.

Company Profile

The TJX Companies, Inc. operates as an off-price retailer of apparel and home fashions across the U.S., Canada, Europe, and Australia. It has four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International, offering a wide range of products including family apparel, home furnishings, decor items, and accessories.

investment, shares, market