Kentucky Retirement Systems Sells 11,509 Shares of The TJX Companies, Inc. $TJX

Kentucky Retirement Systems trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.4% in the 1st quarter, HoldingsChannel reports. The fund owned 58,718 shares of the apparel and home fashions retailer’s stock after selling 11,509 shares during the quarter. Kentucky Retirement Systems’ holdings in TJX Companies were worth $9,377,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in 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 valued at $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 12.1% during the fourth 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 during the last quarter. Bison Wealth LLC boosted its holdings in shares of TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares in the last quarter. United Bank boosted its holdings in shares of TJX Companies by 7.6% in the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after buying an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. purchased a new position in shares of TJX Companies in the 2nd quarter worth approximately $244,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock valued at $20,959,476 over the last three months. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on TJX shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Wells Fargo & Company restated an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research note on Thursday, May 21st. Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $176.89.

TJX Companies Stock Performance

TJX opened at $161.62 on Thursday. The company has a market cap of $178.54 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 3.48 and a beta of 0.63. 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 firm’s 50-day moving average price is $157.56 and its 200-day moving average price is $156.64. The TJX Companies, Inc. has a 52-week low of $123.78 and a 52-week high of $170.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion during 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 for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business earned $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. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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