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

Alecta Tjanstepension Omsesidigt reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,436,265 shares of the apparel and home fashions retailer’s stock after selling 295,900 shares during the quarter. TJX Companies makes up about 3.5% of Alecta Tjanstepension Omsesidigt’s holdings, making the stock its 6th biggest holding. Alecta Tjanstepension Omsesidigt’s holdings in TJX Companies were worth $785,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Saranac Partners Ltd raised its stake in TJX Companies by 6.2% in the third quarter. Saranac Partners Ltd now owns 51,965 shares of the apparel and home fashions retailer’s stock worth $7,502,000 after buying an additional 3,042 shares in the last quarter. Allworth Financial LP boosted its position in TJX Companies by 12.2% during the 3rd quarter. Allworth Financial LP now owns 37,752 shares of the apparel and home fashions retailer’s stock valued at $5,457,000 after acquiring an additional 4,095 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of TJX Companies by 1.2% during the 3rd quarter. IFP Advisors Inc now owns 47,299 shares of the apparel and home fashions retailer’s stock worth $6,869,000 after acquiring an additional 567 shares during the period. Swiss Life Asset Management Ltd grew its holdings in shares of TJX Companies by 19.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 341,023 shares of the apparel and home fashions retailer’s stock worth $49,291,000 after acquiring an additional 56,535 shares during the period. Finally, Stillwater Wealth Management Group bought a new position in shares of TJX Companies in the 3rd quarter worth approximately $3,236,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. BTIG Research reiterated a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Argus raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Morgan Stanley restated an “overweight” rating and set a $162.00 target price (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Trading Down 1.6%

Shares of NYSE TJX opened at $152.83 on Thursday. The firm’s 50 day moving average price is $155.61 and its 200-day moving average price is $149.74. The TJX Companies, Inc. has a 52-week low of $113.98 and a 52-week high of $162.68. 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 cap of $169.71 billion, a PE ratio of 31.32, a P/E/G ratio of 3.57 and a beta of 0.73.

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 for the quarter, beating 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 company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. 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, equities 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.