Principal Financial Group Inc. Sells 73,794 Shares of The TJX Companies, Inc. $TJX

Principal Financial Group Inc. reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,151,733 shares of the apparel and home fashions retailer’s stock after selling 73,794 shares during the quarter. Principal Financial Group Inc.’s holdings in TJX Companies were worth $343,632,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its position in TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Entrust Financial LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 69 shares in the last quarter. Finally, Joseph Group Capital Management purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $27,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO John Klinger sold 6,235 shares of the company’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 completion of the transaction, the chief financial officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the sale, the chairman owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 over the last ninety days. 0.15% of the stock is owned by insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $150.47 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $170.00. The firm has a market cap of $166.23 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. The business has a 50 day moving average price of $156.69 and a 200-day moving average price of $156.64.

TJX Companies (NYSE:TJX) last issued its earnings results 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 net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict 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. Shareholders of record on Thursday, August 13th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies’s payout ratio is presently 37.28%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup reiterated a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. BTIG Research boosted their price target on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings upgraded shares of TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 6th. Finally, Telsey Advisory Group raised their price objective on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $176.89.

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.