New World Advisors LLC Sells 82,865 Shares of The TJX Companies, Inc. $TJX

New World Advisors LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,778,753 shares of the apparel and home fashions retailer’s stock after selling 82,865 shares during the quarter. TJX Companies accounts for 78.0% of New World Advisors LLC’s holdings, making the stock its largest holding. New World Advisors LLC’s holdings in TJX Companies were worth $443,767,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TJX. Norges Bank acquired a new stake in shares of TJX Companies in the 4th quarter valued at $2,211,975,000. Diamant Asset Management Inc. raised its holdings in shares of TJX Companies by 15,998.0% during the 1st quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock worth $603,663,000 after buying an additional 3,756,502 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of TJX Companies by 91.6% during 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 during the last quarter. Corient Private Wealth LLC boosted its stake in TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after buying an additional 2,743,676 shares in the last quarter. Finally, Amundi boosted its stake in TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock valued at $1,391,822,000 after buying an additional 1,761,281 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 29,549 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TJX. UBS Group reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Evercore reiterated an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research report on Thursday, May 21st. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average price target of $174.58.

TJX Companies Price Performance

TJX Companies stock opened at $154.05 on Friday. The stock has a 50-day moving average price of $157.43 and a two-hundred day moving average price of $156.81. The TJX Companies, Inc. has a 12 month low of $119.84 and a 12 month high of $170.00. The company has a market capitalization of $170.18 billion, a PE ratio of 29.91, a P/E/G ratio of 3.28 and a beta of 0.63. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping 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 company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the previous year, the business 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. Analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is 37.28%.

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.