Securian Asset Management Inc. Lowers Position in The TJX Companies, Inc. $TJX

Securian Asset Management Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 43.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,263 shares of the apparel and home fashions retailer’s stock after selling 23,614 shares during the quarter. Securian Asset Management Inc.’s holdings in TJX Companies were worth $4,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Trust Point Inc. raised its stake in shares of TJX Companies by 1.3% in the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock worth $803,000 after purchasing an additional 66 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of TJX Companies by 1.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock valued at $651,000 after acquiring an additional 66 shares during the last quarter. Tempus Wealth Planning LLC increased its position in shares of TJX Companies by 0.5% during the fourth quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after acquiring an additional 67 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of TJX Companies by 3.0% during the fourth quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer’s stock valued at $371,000 after acquiring an additional 69 shares during the last quarter. Finally, Bigelow Investment Advisors LLC increased its position in shares of TJX Companies by 0.6% during the fourth quarter. Bigelow Investment Advisors LLC now owns 11,006 shares of the apparel and home fashions retailer’s stock valued at $1,691,000 after acquiring an additional 69 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction 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 approximately $77,145,910.20. This 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 accessible through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TJX shares. Argus raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Telsey Advisory Group increased their price target on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. BTIG Research reaffirmed a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Weiss Ratings downgraded TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Finally, UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Price Performance

Shares of NYSE TJX opened at $153.29 on Monday. The stock has a fifty day simple moving average of $158.32 and a two-hundred day simple moving average of $153.96. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The firm has a market cap of $169.51 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 3.53 and a beta of 0.64. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 return on equity of 57.70% and a net margin of 9.10%.The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same period in the prior year, the company earned $1.23 earnings per share. TJX Companies’s 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. Analysts anticipate that The TJX Companies, Inc. will post 5.06 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.3%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies’s dividend payout ratio is currently 34.84%.

TJX Companies 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.