Swedbank AB Has $171.88 Million Stock Holdings in The TJX Companies, Inc. $TJX

Swedbank AB grew its position in The TJX Companies, Inc. (NYSE:TJX) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,118,952 shares of the apparel and home fashions retailer’s stock after purchasing an additional 74,356 shares during the quarter. Swedbank AB’s holdings in TJX Companies were worth $171,882,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TJX. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in TJX Companies by 3.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,745,278 shares of the apparel and home fashions retailer’s stock valued at $423,531,000 after buying an additional 83,222 shares during the last quarter. Providence First Trust Co acquired a new position in TJX Companies during the 4th quarter worth $895,000. SBI Securities Co. Ltd. lifted its position in TJX Companies by 21.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,081 shares of the apparel and home fashions retailer’s stock worth $166,000 after acquiring an additional 191 shares during the last quarter. Morse Asset Management Inc boosted its holdings in TJX Companies by 15.7% during the fourth quarter. Morse Asset Management Inc now owns 13,496 shares of the apparel and home fashions retailer’s stock valued at $2,073,000 after acquiring an additional 1,836 shares during the period. Finally, Milestone Asset Management Group LLC bought a new stake in TJX Companies during the fourth quarter valued at about $252,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. Barclays lifted their price objective on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings raised TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, April 1st. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. Finally, Argus raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $167.55.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’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 directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.2%

NYSE TJX opened at $154.94 on Wednesday. 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 firm has a 50-day simple moving average of $158.44 and a 200 day simple moving average of $153.79. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82. The stock has a market cap of $171.34 billion, a PE ratio of 31.75, a PEG ratio of 3.56 and a beta of 0.64.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. 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 forecast that The TJX Companies, Inc. will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.48 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 14th. TJX Companies’s dividend payout ratio (DPR) is presently 34.84%.

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.