South Dakota Investment Council Sells 5,991 Shares of The TJX Companies, Inc. $TJX

South Dakota Investment Council trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 95.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300 shares of the apparel and home fashions retailer’s stock after selling 5,991 shares during the period. South Dakota Investment Council’s holdings in TJX Companies were worth $48,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Smith Group Asset Management LLC lifted its holdings in shares of TJX Companies by 7.5% during the first quarter. Smith Group Asset Management LLC now owns 264,657 shares of the apparel and home fashions retailer’s stock valued at $42,266,000 after acquiring an additional 18,530 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of TJX Companies by 6.5% in the 1st quarter. Sunbelt Securities Inc. now owns 15,107 shares of the apparel and home fashions retailer’s stock worth $2,413,000 after purchasing an additional 920 shares during the last quarter. Amundi increased its position in shares of TJX Companies by 9.1% during the 1st quarter. Amundi now owns 8,632,215 shares of the apparel and home fashions retailer’s stock worth $1,378,566,000 after purchasing an additional 718,959 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of TJX Companies by 36.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 18,738 shares of the apparel and home fashions retailer’s stock worth $2,992,000 after purchasing an additional 5,052 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in TJX Companies by 103.9% during the 1st quarter. Empowered Funds LLC now owns 233,619 shares of the apparel and home fashions retailer’s stock valued at $37,309,000 after purchasing an additional 119,034 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 1.1%

Shares of NYSE TJX opened at $157.50 on Friday. The TJX Companies, Inc. has a 12-month low of $123.78 and a 12-month high of $170.00. The firm’s 50-day simple moving average is $157.57 and its 200 day simple moving average is $156.66. 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 company has a market cap of $173.99 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 3.41 and a beta of 0.63.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 EPS. The company’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. On average, research analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared 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. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 37.28%.

Insider Activity at TJX Companies

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the transaction, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on TJX. Robert W. Baird boosted their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Telsey Advisory Group lifted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $176.89.

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.