Swedbank AB Purchases 6,290 Shares of The TJX Companies, Inc. $TJX

Swedbank AB raised its position in The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,125,242 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,290 shares during the period. Swedbank AB’s holdings in TJX Companies were worth $179,701,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TJX. Coston McIsaac & Partners lifted its stake in TJX Companies by 11.3% in the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 64 shares in the last quarter. Trust Point Inc. raised its holdings in shares of TJX Companies by 1.3% in the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock valued at $803,000 after purchasing an additional 66 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in shares of TJX Companies by 1.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after purchasing an additional 66 shares during the last quarter. Kohmann Bosshard Financial Services LLC lifted its position in shares of TJX Companies by 11.0% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after purchasing an additional 66 shares in the last quarter. Finally, Hohimer Wealth Management LLC lifted its position in shares of TJX Companies by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock worth $859,000 after purchasing an additional 66 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 1.9%

TJX traded up $2.87 during trading on Tuesday, reaching $154.18. 1,052,218 shares of the stock were exchanged, compared to its average volume of 5,416,196. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The stock’s 50 day moving average price is $157.34 and its two-hundred day moving average price is $156.80. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $170.00. The stock has a market cap of $170.32 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 3.34 and a beta of 0.63.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Equities analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TJX. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Wells Fargo & Company restated an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a report on Thursday, May 21st. Citigroup reaffirmed a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Robert W. Baird upped their target price on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $174.58.

TJX Companies 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.