The TJX Companies, Inc. $TJX Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 615,842 shares of the apparel and home fashions retailer’s stock after selling 15,250 shares during the period. Handelsbanken Fonder AB’s holdings in TJX Companies were worth $93,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Swiss Life Asset Management Ltd increased its position in shares of TJX Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after buying an additional 32,407 shares in the last quarter. Family Capital Trust Co boosted its position in shares of TJX Companies by 1,080.0% in the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after buying an additional 12,377 shares in the last quarter. J.Safra Asset Management Corp grew its stake in TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after acquiring an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $2,559,000. Finally, Benjamin Edwards Inc. increased its holdings in TJX Companies by 17.1% during the 4th quarter. Benjamin Edwards Inc. now owns 135,775 shares of the apparel and home fashions retailer’s stock valued at $20,856,000 after acquiring an additional 19,871 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director directly owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on TJX shares. Morgan Stanley reaffirmed an “overweight” rating on shares of TJX Companies in a report on Thursday. Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research report on Thursday, May 21st. Robert W. Baird increased their price objective on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $177.94.

TJX Companies Price Performance

TJX stock opened at $158.80 on Tuesday. The stock has a market capitalization of $175.43 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 3.48 and a beta of 0.62. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 52-week low of $130.88 and a 52-week high of $170.00. The stock’s fifty day simple moving average is $157.97 and its 200-day simple moving average is $156.77.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The business’s quarterly revenue 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 research analysts expect that The TJX Companies, Inc. will post 5.19 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is currently 37.28%.

About TJX Companies

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.