The TJX Companies, Inc. $TJX is Alecta Tjanstepension Omsesidigt’s 6th Largest Position

Alecta Tjanstepension Omsesidigt reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,436,265 shares of the apparel and home fashions retailer’s stock after selling 295,900 shares during the quarter. TJX Companies accounts for about 3.5% of Alecta Tjanstepension Omsesidigt’s investment portfolio, making the stock its 6th largest position. Alecta Tjanstepension Omsesidigt owned 0.49% of TJX Companies worth $785,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in shares of TJX Companies during the second quarter worth about $1,808,774,000. Laurel Wealth Advisors LLC raised its stake in TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after purchasing an additional 4,024,859 shares in the last quarter. Alliancebernstein L.P. raised its stake in TJX Companies by 91.6% in the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after purchasing an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC lifted its position in TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. Finally, ABN AMRO Bank N.V. bought a new stake in TJX Companies during the second quarter valued at approximately $244,687,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.6%

NYSE:TJX opened at $152.83 on Thursday. The firm has a market capitalization of $169.71 billion, a P/E ratio of 31.32, a P/E/G ratio of 3.57 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $155.61 and a 200 day moving average of $149.74. The TJX Companies, Inc. has a 52 week low of $113.98 and a 52 week high of $162.68.

TJX Companies (NYSE:TJX) last announced its quarterly 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. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same quarter last year, the firm earned $1.23 EPS. The company’s revenue was up 8.5% on a year-over-year basis. 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, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Activity

In other TJX Companies 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 transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Robert W. Baird set a $168.00 price objective on shares of TJX Companies in a report on Wednesday, December 17th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Bank of America increased their target price on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Telsey Advisory Group raised their price target on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $167.55.

About TJX Companies

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.