Achmea Investment Management B.V. Has $56.76 Million Stake in The TJX Companies, Inc. $TJX

Achmea Investment Management B.V. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 392,725 shares of the apparel and home fashions retailer’s stock after buying an additional 17,838 shares during the period. TJX Companies makes up 0.7% of Achmea Investment Management B.V.’s holdings, making the stock its 26th biggest holding. Achmea Investment Management B.V.’s holdings in TJX Companies were worth $56,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in TJX Companies during the second quarter worth $1,808,774,000. Laurel Wealth Advisors LLC lifted its stake in TJX Companies by 12,417.0% during the 2nd 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 acquiring an additional 4,024,859 shares in the last quarter. Alliancebernstein L.P. grew its position in TJX Companies by 91.6% in the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after purchasing an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of TJX Companies by 120.7% in 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 acquiring an additional 2,743,676 shares in the last quarter. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $244,687,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of several research analyst reports. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. The Goldman Sachs Group increased their price target on shares of TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. BTIG Research restated a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. TD Cowen reissued a “buy” rating on shares of TJX Companies in a research note on Thursday, November 20th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $167.55.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $155.42 on Wednesday. The TJX Companies, Inc. has a one year low of $113.98 and a one year high of $162.68. The company has a 50-day simple moving average of $155.64 and a two-hundred day simple moving average of $149.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The company has a market capitalization of $172.58 billion, a PE ratio of 31.85, a P/E/G ratio of 3.59 and a beta of 0.73.

TJX Companies (NYSE:TJX) last released 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 the consensus estimate 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 period in the previous year, the company earned $1.23 earnings per share. The business’s revenue for the quarter 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. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.