ABN Amro Investment Solutions Sells 8,922 Shares of The TJX Companies, Inc. $TJX

ABN Amro Investment Solutions trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 139,288 shares of the apparel and home fashions retailer’s stock after selling 8,922 shares during the quarter. ABN Amro Investment Solutions’ holdings in TJX Companies were worth $22,244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in TJX Companies by 5.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,155,713 shares of the apparel and home fashions retailer’s stock valued at $344,267,000 after buying an additional 113,974 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in TJX Companies during the first quarter worth $500,000. HORAN Wealth LLC increased its position in TJX Companies by 99.5% during the first quarter. HORAN Wealth LLC now owns 70,658 shares of the apparel and home fashions retailer’s stock valued at $11,245,000 after acquiring an additional 35,240 shares during the last quarter. Baader Bank Aktiengesellschaft increased its position in TJX Companies by 1.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 8,426 shares of the apparel and home fashions retailer’s stock valued at $1,338,000 after acquiring an additional 116 shares during the last quarter. Finally, Burling Wealth Partners LLC raised its stake in shares of TJX Companies by 4.3% in the first quarter. Burling Wealth Partners LLC now owns 47,754 shares of the apparel and home fashions retailer’s stock valued at $7,626,000 after acquiring an additional 1,974 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TJX shares. Wells Fargo & Company restated an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Erste Group Bank downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Barclays restated an “overweight” rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Citigroup reaffirmed a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus price target of $176.89.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the 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 transaction, the director directly owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock valued at $20,959,476 in the last ninety days. 0.15% of the stock is owned by insiders.

TJX Companies Stock Down 0.4%

Shares of NYSE TJX opened at $155.00 on Wednesday. The TJX Companies, Inc. has a 52-week low of $123.78 and a 52-week high of $170.00. The firm has a market capitalization of $171.23 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 3.37 and a beta of 0.63. The stock has a 50 day moving average price of $156.77 and a 200 day moving average price of $156.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period last year, the business posted $0.92 EPS. TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. 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. Sell-side analysts expect that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is presently 37.28%.

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.