ABN AMRO Bank N.V. Sells 440,594 Shares of The TJX Companies, Inc. $TJX

Key Points

• ABN AMRO Bank N.V. cut its TJX stake by 22% in the fourth quarter, selling 440,594 shares and leaving it with 1,565,323 shares valued at about $240.4 million.
• TJX posted solid quarterly results, with earnings per share of $1.43 and revenue of $17.74 billion, both above analyst expectations, while revenue rose 8.5% year over year.
• Wall Street remains bullish on TJX: several analysts raised targets or reiterated buy ratings, and the company also increased its quarterly dividend to $0.48 per share.

ABN AMRO Bank N.V. decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,565,323 shares of the apparel and home fashions retailer's stock after selling 440,594 shares during the quarter. TJX Companies comprises approximately 2.3% of ABN AMRO Bank N.V.'s investment portfolio, making the stock its 11th largest position. ABN AMRO Bank N.V. owned approximately 0.14% of TJX Companies worth $240,444,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Banco Santander S.A. grew its position in TJX Companies by 24.6% in the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer's stock valued at $23,180,000 after purchasing an additional 31,631 shares during the period. Family Capital Trust Co grew 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 period. Nordea Investment Management AB grew its position in TJX Companies by 6.0% in 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. Wealthfront Advisers LLC grew its position in TJX Companies by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer's stock valued at $24,835,000 after purchasing an additional 8,006 shares during the period. Finally, Robinhood Asset Management LLC acquired a new stake in TJX Companies in the 4th quarter valued at $7,140,000. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TJX. BTIG Research reissued a "buy" rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Argus raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, March 3rd. Weiss Ratings downgraded shares of TJX Companies from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Finally, Telsey Advisory Group lifted their price target on shares of TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $167.55.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares of the company's stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

TJX opened at $153.29 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The company has a market capitalization of $169.51 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 3.53 and a beta of 0.64. The firm's fifty day moving average price is $158.32 and its two-hundred day moving average price is $153.96. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. This is a positive change from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's payout ratio is presently 34.84%.

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.

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