Tredje AP fonden Boosts Stock Position in The TJX Companies, Inc. $TJX

Tredje AP fonden raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.0% in the 4th quarter, Holdings Channel reports. The fund owned 842,983 shares of the apparel and home fashions retailer’s stock after acquiring an additional 110,075 shares during the quarter. TJX Companies accounts for approximately 1.0% of Tredje AP fonden’s portfolio, making the stock its 22nd biggest position. Tredje AP fonden’s holdings in TJX Companies were worth $129,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Entrust Financial LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. raised its stake in TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 69 shares during the last quarter. Joseph Group Capital Management purchased a new stake in TJX Companies during the 4th quarter valued at approximately $27,000. Miller Global Investments LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $28,000. Finally, Dogwood Wealth Management LLC raised its stake in TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TJX. Weiss Ratings downgraded TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Telsey Advisory Group upped their price objective on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Barclays upped their price objective on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Truist Financial started coverage on TJX Companies in a research note on Monday. They set a “buy” rating and a $175.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $167.95.

TJX Companies Stock Performance

Shares of TJX stock opened at $150.26 on Tuesday. The company has a market cap of $166.15 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 3.39 and a beta of 0.64. The stock has a 50 day simple moving average of $156.86 and a 200-day simple moving average of $154.26. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a $0.48 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s payout ratio is currently 39.34%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.