South Dakota Investment Council Reduces Stock Holdings in The TJX Companies, Inc. $TJX

South Dakota Investment Council lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 19.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,691 shares of the apparel and home fashions retailer’s stock after selling 3,300 shares during the quarter. South Dakota Investment Council’s holdings in TJX Companies were worth $1,979,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of TJX Companies during the 2nd quarter valued at about $1,808,774,000. Laurel Wealth Advisors LLC grew its holdings in shares of TJX Companies by 12,417.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after acquiring an additional 4,024,859 shares during the period. Corient Private Wealth LLC raised its position in shares of TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after acquiring an additional 2,743,676 shares in the last quarter. ABN AMRO Bank N.V. purchased a new position in shares of TJX Companies in the 2nd quarter valued at approximately $244,687,000. Finally, Raymond James Financial Inc. boosted its position in shares of TJX Companies by 26.3% during the second quarter. Raymond James Financial Inc. now owns 5,952,367 shares of the apparel and home fashions retailer’s stock valued at $735,058,000 after purchasing an additional 1,238,124 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies 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 sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.2%

NYSE:TJX opened at $161.66 on Thursday. 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 market cap of $179.52 billion, a P/E ratio of 33.13, a P/E/G ratio of 3.68 and a beta of 0.73. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $162.68. The firm has a 50-day simple moving average of $155.16 and a two-hundred day simple moving average of $148.28.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. 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 predict 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 announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is currently 34.84%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. TD Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Finally, BTIG Research reaffirmed a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $167.55.

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.