Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 6,234 The TJX Companies, Inc. $TJX

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

Several other hedge funds also recently made changes to their positions in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in shares of TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC bought a new stake in TJX Companies during the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new position in TJX Companies during the fourth quarter worth about $26,000. IMG Wealth Management Inc. grew its position in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A bought a new position in TJX Companies in the 2nd quarter worth about $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the 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 of the company’s stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by corporate insiders.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $135.16 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a market cap of $149.31 billion, a PE ratio of 24.98, a PEG ratio of 2.61 and a beta of 0.62. The company’s fifty day moving average is $152.86 and its 200 day moving average is $156.07. The TJX Companies, Inc. has a 52 week low of $133.55 and a 52 week high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. 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. Research analysts anticipate that The TJX Companies, Inc. will post 5.21 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 35.49%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TJX shares. Robert W. Baird lifted their price target on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Barclays set a $188.00 target price on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Evercore restated an “outperform” rating and set a $173.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $172.84.

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.