SVB Wealth LLC Cuts Holdings in The TJX Companies, Inc. $TJX

SVB Wealth LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 21.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,220 shares of the apparel and home fashions retailer’s stock after selling 13,157 shares during the period. SVB Wealth LLC’s holdings in TJX Companies were worth $7,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Norges Bank bought a new position in shares of TJX Companies during the fourth quarter valued at $2,211,975,000. Alliancebernstein L.P. increased its holdings in TJX Companies by 91.6% in the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after buying an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC increased its holdings in TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after buying an additional 2,743,676 shares in the last quarter. Amundi raised its position in TJX Companies by 22.1% in the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after buying an additional 1,761,281 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in TJX Companies by 57.3% in the 4th quarter. AQR Capital Management LLC now owns 4,814,467 shares of the apparel and home fashions retailer’s stock worth $739,550,000 after buying an additional 1,753,155 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Trading Up 0.3%

Shares of NYSE:TJX opened at $164.38 on Tuesday. The stock’s 50-day simple moving average is $158.03 and its two-hundred day simple moving average is $156.67. The stock has a market capitalization of $181.59 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 3.55 and a beta of 0.62. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly 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 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 analyst estimates of $14.02 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’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. Analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 37.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TJX shares. Barclays reaffirmed an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Evercore restated an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research report on Thursday, May 21st. BTIG Research raised their target price on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Argus raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Three research 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.com, the company presently has a consensus rating of “Buy” and a consensus price target of $174.58.

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.