KLP Kapitalforvaltning AS Cuts Holdings in The TJX Companies, Inc. $TJX

KLP Kapitalforvaltning AS lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 451,600 shares of the apparel and home fashions retailer’s stock after selling 19,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in TJX Companies were worth $65,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC grew its stake in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC lifted its position in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after acquiring an additional 955 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in TJX Companies in the 1st quarter worth approximately $3,380,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in TJX Companies by 5.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 4,462 shares of the apparel and home fashions retailer’s stock valued at $543,000 after acquiring an additional 247 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.1%

Shares of NYSE TJX opened at $153.96 on Wednesday. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $157.82. The firm has a market cap of $170.97 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 3.45 and a beta of 0.75. The business has a fifty day simple moving average of $150.75 and a two-hundred day simple moving average of $140.11. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s payout ratio is 37.53%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the sale, the chief executive officer owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This trade represents a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 54,863 shares of company stock valued at $8,226,366. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TJX. UBS Group reaffirmed a “buy” rating and set a $181.00 price target on shares of TJX Companies in a research note on Thursday, December 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. TD Cowen boosted their price objective on shares of TJX Companies from $162.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Citigroup restated a “buy” rating and issued a $168.00 target price (up previously from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, Cowen reissued a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $162.25.

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.