Groupama Asset Managment Sells 4,249 Shares of The TJX Companies, Inc. $TJX

Groupama Asset Managment decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 522,685 shares of the apparel and home fashions retailer’s stock after selling 4,249 shares during the period. TJX Companies makes up approximately 1.2% of Groupama Asset Managment’s investment portfolio, making the stock its 26th biggest position. Groupama Asset Managment’s holdings in TJX Companies were worth $83,473,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in TJX Companies by 120.3% during 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 in the last quarter. Entrust Financial LLC bought a new stake in TJX Companies in the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. raised its holdings in shares of TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Joseph Group Capital Management bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $27,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $157.50 on Friday. The stock has a market cap of $173.99 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 3.45 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The stock has a 50 day moving average price of $157.57 and a 200-day moving average price of $156.66. The TJX Companies, Inc. has a one year low of $123.78 and a one year high of $170.00.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s payout ratio is 37.28%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of recent research reports. Erste Group Bank lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Telsey Advisory Group upped their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Robert W. Baird lifted their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Evercore restated an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $176.89.

Insider Activity

In related news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the transaction, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 130,367 shares of company stock worth $20,959,476. Insiders own 0.15% of the company’s stock.

About TJX Companies

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.