Kepler Cheuvreux Suisse SA Sells 67,242 Shares of The TJX Companies, Inc. $TJX

Kepler Cheuvreux Suisse SA reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 222,721 shares of the apparel and home fashions retailer’s stock after selling 67,242 shares during the quarter. TJX Companies comprises approximately 2.4% of Kepler Cheuvreux Suisse SA’s portfolio, making the stock its 9th largest holding. Kepler Cheuvreux Suisse SA’s holdings in TJX Companies were worth $35,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in shares of 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 acquiring an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new stake in TJX Companies during the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new stake in TJX Companies during the fourth quarter valued at $26,000. Joseph Group Capital Management purchased a new position in TJX Companies in the fourth quarter valued at about $27,000. Finally, IMG Wealth Management Inc. grew its stake in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.1%

Shares of TJX stock opened at $154.05 on Friday. The stock’s 50 day simple moving average is $157.34 and its 200 day simple moving average is $156.80. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $170.00. 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 company has a market capitalization of $170.18 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.34 and a beta of 0.63.

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

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TJX. Truist Financial set a $190.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Barclays reissued an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. UBS Group restated a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Robert W. Baird lifted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and a consensus target price of $174.58.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the completion of the sale, the chief executive officer directly owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock valued at $20,959,476 in the last quarter. Company insiders own 0.15% of the company’s stock.

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.