Lansforsakringar Fondforvaltning AB publ Sells 57,746 Shares of The TJX Companies, Inc. $TJX

Lansforsakringar Fondforvaltning AB publ reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,612 shares of the apparel and home fashions retailer’s stock after selling 57,746 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in TJX Companies were worth $56,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. 3Chopt Investment Partners LLC raised its holdings in TJX Companies by 2.9% in the 1st quarter. 3Chopt Investment Partners LLC now owns 5,280 shares of the apparel and home fashions retailer’s stock valued at $843,000 after buying an additional 150 shares during the last quarter. Continuum Advisory LLC grew its holdings in TJX Companies by 3.6% during the 1st quarter. Continuum Advisory LLC now owns 7,019 shares of the apparel and home fashions retailer’s stock worth $1,121,000 after acquiring an additional 244 shares during the last quarter. Coston McIsaac & Partners increased its position in TJX Companies by 11.3% in the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 64 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in TJX Companies by 108.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 8,224 shares of the apparel and home fashions retailer’s stock valued at $1,313,000 after acquiring an additional 4,270 shares during the period. Finally, Diamant Asset Management Inc. raised its stake in shares of TJX Companies by 15,998.0% during the first quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock valued at $603,663,000 after acquiring an additional 3,756,502 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several analyst reports. Argus raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. BTIG Research upped their price target on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Telsey Advisory Group increased their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $174.58.

Insiders Place Their Bets

In related news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. This represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 130,367 shares of company stock valued at $20,959,476. Insiders own 0.15% of the company’s stock.

TJX Companies Stock Down 2.6%

Shares of NYSE TJX opened at $151.36 on Tuesday. The company’s 50 day moving average price is $157.88 and its 200-day moving average price is $156.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $170.00. The company has a market capitalization of $167.20 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 3.37 and a beta of 0.62.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the prior year, the company posted $0.92 earnings per share. TJX Companies’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. Equities analysts forecast that The TJX Companies, Inc. will post 5.17 earnings per share 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 issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

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.