Munich Reinsurance Co Stock Corp in Munich Sells 49,825 Shares of The TJX Companies, Inc. $TJX

Munich Reinsurance Co Stock Corp in Munich cut its position in The TJX Companies, Inc. (NYSE:TJX) by 17.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 235,415 shares of the apparel and home fashions retailer’s stock after selling 49,825 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in TJX Companies were worth $37,596,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TJX. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock worth $15,780,919,000 after acquiring an additional 771,882 shares in the last quarter. Geode Capital Management LLC increased its holdings in TJX Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after purchasing an additional 673,690 shares in the last quarter. Bank of America Corp DE increased its holdings in TJX Companies by 2.0% during the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock valued at $3,935,630,000 after purchasing an additional 495,989 shares in the last quarter. Capital International Investors raised its position in TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after purchasing an additional 308,408 shares during the last quarter. Finally, Norges Bank bought a new position in TJX Companies in the 4th quarter valued at $2,211,975,000. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were 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 approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,367 shares of company stock valued at $20,959,476 in the last three months. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TJX shares. Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Wall Street Zen downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. UBS Group reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and a consensus price target of $176.89.

TJX Companies Stock Down 0.7%

NYSE:TJX opened at $153.06 on Thursday. The company has a market cap of $169.09 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 3.34 and a beta of 0.63. 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 fifty day moving average price is $157.05 and its two-hundred day moving average price is $156.75. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00.

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. The company had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. 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. On average, analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 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.