Fideuram Intesa Sanpaolo Private Banking S.P.A. Sells 17,710 Shares of The TJX Companies, Inc. $TJX

Fideuram Intesa Sanpaolo Private Banking S.P.A. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 53.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,668 shares of the apparel and home fashions retailer’s stock after selling 17,710 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in TJX Companies were worth $2,502,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised 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 valued at $25,000 after buying an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $26,000. Imprint Wealth LLC bought a new position in shares of TJX Companies during the third quarter valued at about $27,000. Finally, Joseph Group Capital Management bought a new position in shares of TJX Companies during the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TJX shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Weiss Ratings cut shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. BTIG Research boosted their target price on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $174.58.

Insider Buying and Selling

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the sale, the chief executive officer directly owned 514,848 shares in the company, valued at approximately $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $154.05 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market cap of $170.18 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 3.34 and a beta of 0.63. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $170.00. The firm’s 50-day simple moving average is $157.34 and its two-hundred day simple moving average is $156.80.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. TJX Companies’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. 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. Research analysts predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

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.