Alkeon Capital Management LLC Has $430.10 Million Stake in The TJX Companies, Inc. $TJX

Alkeon Capital Management LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 18.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,799,971 shares of the apparel and home fashions retailer’s stock after selling 650,000 shares during the period. TJX Companies comprises 0.7% of Alkeon Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. Alkeon Capital Management LLC’s holdings in TJX Companies were worth $430,104,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new position in TJX Companies in the fourth quarter worth approximately $906,000. Faithward Advisors LLC increased its holdings in TJX Companies by 428.5% in the fourth quarter. Faithward Advisors LLC now owns 14,698 shares of the apparel and home fashions retailer’s stock worth $2,258,000 after buying an additional 11,917 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in TJX Companies in the fourth quarter worth approximately $2,833,000. Oarsman Capital Inc. increased its holdings in TJX Companies by 3.6% in the fourth quarter. Oarsman Capital Inc. now owns 29,847 shares of the apparel and home fashions retailer’s stock worth $4,585,000 after buying an additional 1,025 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in TJX Companies in the fourth quarter worth approximately $2,304,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jackwyn Nemerov sold 957 shares of the 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 completion of the sale, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the sale, the chief executive officer directly owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 over the last ninety days. 0.15% of the stock is owned by insiders.

TJX Companies Stock Down 0.8%

Shares of TJX Companies stock opened at $167.13 on Tuesday. The stock has a market capitalization of $184.62 billion, a P/E ratio of 32.45, a PEG ratio of 3.65 and a beta of 0.62. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $157.73 and a two-hundred day moving average price of $156.23. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $170.00.

TJX Companies (NYSE:TJX) last announced 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. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. 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 expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Announces Dividend

The firm 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 $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 37.28%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TJX. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Robert W. Baird increased their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. BTIG Research increased their price objective on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. upped their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Evercore reaffirmed an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus target price of $174.58.

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.