Several notable voices in finance, including Jim Cramer, have spoken favorably about retail giant TJX Companies (TJX). Despite a dip in consumer confidence, TJX continues to outperform and is considered a top stock to own. OVERSEA CHINESE BANKING Corp Ltd and Whittier Trust Co. of Nevada Inc. have both recently increased their shares in the company, purchasing substantial amounts. Additionally, HUB Investment Partners LLC and Curio Wealth LLC have both boosted their respective holdings in TJX.
The retailer also recently hit a milestone of 5,000 stores and announced plans for continued brick-and-mortar expansion through 2025. Despite concerns of subdued growth, TJX has maintained its momentum, posting gains across divisions and planning to open 90 U.S. stores. The company exceeded Q4 expectations and anticipates annual sales growth, though consumer spending estimates are muted.
Significant new investments in the company have been made by Mirova US LLC and Vinva Investment Management Ltd. TJX also recently announced a proposal for a $2.0 to $2.5 billion stock buyback for FY26. Several entities, however, including Evoke Wealth LLC and Corient Private Wealth LLC, have sold their shares in the company.
Tjx Companies TJX News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 22 Mar 2025 19:25:05 GMT - Rating 7 - Innovation -2 - Information 8 - Rumor -6
