Livforsakringsbolaget Skandia Omsesidigt Makes New Investment in The TJX Companies, Inc. $TJX

Livforsakringsbolaget Skandia Omsesidigt bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 6,234 shares of the apparel and home fashions retailer’s stock, valued at approximately $944,000.

A number of other large investors have also recently modified their holdings of TJX. BlackRock Inc. bought a new position in TJX Companies in the second quarter worth about $16,489,926,000. Bank of America Corp DE purchased a new stake in shares of TJX Companies in the 2nd quarter worth about $3,511,553,000. Norges Bank bought a new position in shares of TJX Companies in the 4th quarter worth about $2,211,975,000. Bank of New York Mellon Corp bought a new position in shares of TJX Companies in the 2nd quarter worth about $1,598,731,000. Finally, Primecap Management Co. CA purchased a new position in TJX Companies during the 2nd quarter valued at about $1,435,617,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the 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 directly owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

TJX Companies Stock Up 0.7%

TJX stock opened at $135.16 on Friday. The stock has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.61 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The TJX Companies, Inc. has a 1-year low of $133.55 and a 1-year high of $170.00. The business has a fifty day moving average price of $152.86 and a 200-day moving average price of $156.07.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $15.16 billion. During the same period last year, the firm posted $1.10 earnings per share. TJX Companies’s revenue 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. Equities analysts forecast that The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is currently 35.49%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of TJX Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $180.00 to $145.00 in a research note on Wednesday. UBS Group restated a “buy” rating and issued a $198.00 price target (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Gordon Haskett restated an “accumulate” rating and set a $155.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Wells Fargo & Company lowered their price target on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, August 20th. Finally, BTIG Research reissued a “buy” rating and set a $190.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $172.84.

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.