The TJX Companies, Inc. $TJX Shares Sold by Hartford Funds Management Co LLC

by · The Markets Daily

Hartford Funds Management Co LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 53.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,218 shares of the apparel and home fashions retailer’s stock after selling 10,768 shares during the period. Hartford Funds Management Co LLC’s holdings in TJX Companies were worth $1,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd increased its holdings in shares of TJX Companies by 9.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after acquiring an additional 32,407 shares during the period. Family Capital Trust Co lifted its position in TJX Companies by 1,080.0% in the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after purchasing an additional 12,377 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in TJX Companies by 78.3% during the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after purchasing an additional 2,989 shares during the period. Nordea Investment Management AB boosted its stake in TJX Companies by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock valued at $1,155,830,000 after purchasing an additional 420,232 shares during the period. Finally, Bluedoor Private Wealth LLC bought a new position in TJX Companies in the 4th quarter worth about $2,559,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.6%

TJX Companies stock opened at $150.47 on Tuesday. The stock has a market cap of $166.23 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.28 and a beta of 0.63. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $156.69 and its two-hundred day moving average price is $156.64. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $170.00.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.3%. TJX Companies’s payout ratio is presently 37.28%.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of TJX Companies 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 transaction, the chief executive officer owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,367 shares of company stock worth $20,959,476 in the last three months. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Barclays restated 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. Robert W. Baird boosted their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Weiss Ratings raised TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 6th. Truist Financial set a $190.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $176.89.

Check Out Our Latest Analysis on TJX Companies

About TJX Companies

(Free Report)

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.

Further Reading

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