The TJX Companies, Inc. $TJX Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.3% in the 1st quarter, Holdings Channel reports. The firm owned 189,621 shares of the apparel and home fashions retailer’s stock after selling 14,851 shares during the period. Carnegie Investment Counsel’s holdings in TJX Companies were worth $30,283,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Swiss Life Asset Management Ltd increased its holdings in shares of TJX Companies by 9.5% in 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 purchasing an additional 32,407 shares during the last quarter. Family Capital Trust Co boosted its stake in TJX Companies by 1,080.0% during the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after buying an additional 12,377 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in TJX Companies by 78.3% during the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after buying an additional 2,989 shares during the last quarter. Nordea Investment Management AB grew its holdings in TJX Companies by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock valued at $1,155,830,000 after buying an additional 420,232 shares in the last quarter. Finally, Bluedoor Private Wealth LLC purchased a new stake in TJX Companies in the 4th quarter valued at $2,559,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.3%

Shares of TJX traded up $0.40 during midday trading on Friday, hitting $151.30. 4,168,337 shares of the stock were exchanged, compared to its average volume of 5,629,683. The stock has a fifty day simple moving average of $156.82 and a 200 day simple moving average of $156.68. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00. The firm has a market cap of $167.14 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.28 and a beta of 0.63. 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 earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. 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. On average, research analysts anticipate that The TJX Companies, Inc. will post 5.17 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. Stockholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is currently 37.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TJX. BTIG Research lifted their price target on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. 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. Barclays reaffirmed an “overweight” rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Robert W. Baird lifted their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average target price of $176.89.

Insider Activity at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chairman owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock valued at $20,959,476 in the last ninety days. 0.15% of the stock is currently owned by insiders.

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.