501,433 Shares in The TJX Companies, Inc. $TJX Purchased by Nykredit A S

Nykredit A S acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 501,433 shares of the apparel and home fashions retailer’s stock, valued at approximately $75,967,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd increased its stake in shares of TJX Companies by 9.5% during 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 acquiring an additional 32,407 shares during the period. Danske Bank A S bought a new position in TJX Companies during the 2nd quarter valued at $829,000. J.Safra Asset Management Corp increased its position in shares of TJX Companies by 78.3% during 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 purchasing an additional 2,989 shares during the period. Bluedoor Private Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $2,559,000. Finally, Man Group plc acquired a new stake in shares of TJX Companies in the second quarter valued at $217,422,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Guggenheim set a $152.00 target price on TJX Companies in a research note on Monday. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $182.00 to $154.00 in a report on Thursday, August 20th. Robert W. Baird raised their price objective 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. Wells Fargo & Company lowered their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a report on Tuesday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.63.

Insider Activity

In other TJX Companies 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 completion of the transaction, the chairman directly owned 201,496 shares in the company, 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 filing with the SEC, which is available through this link. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 72,818 shares of company stock valued at $11,873,731 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $131.44 on Thursday. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a market cap of $144.58 billion, a PE ratio of 24.30, a P/E/G ratio of 2.41 and a beta of 0.60. The business has a fifty day simple moving average of $150.94 and a 200-day simple moving average of $155.66. The TJX Companies, Inc. has a fifty-two week low of $131.18 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. TJX Companies’s revenue for the quarter was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, equities analysts predict that The TJX Companies, Inc. will post 5.21 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is presently 35.49%.

TJX Companies Company 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.