Alecta Tjanstepension Omsesidigt Has $707.69 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• Alecta Tjanstepension Omsesidigt reduced its stake in The TJX Companies by 6.0%, holding 5,732,165 shares worth approximately $707.69 million, representing roughly 3.3% of its investment portfolio.
• TJX Companies reported earnings per share (EPS) of $1.10 for the last quarter, exceeding estimates and indicating a 6.9% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.425 per share, reflecting an annual yield of 1.2%, with the payout ratio standing at 38.72%.

Alecta Tjanstepension Omsesidigt trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,732,165 shares of the apparel and home fashions retailer's stock after selling 365,000 shares during the period. TJX Companies comprises approximately 3.3% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 6th largest holding. Alecta Tjanstepension Omsesidigt owned 0.51% of TJX Companies worth $707,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nuveen LLC purchased a new position in TJX Companies in the first quarter valued at approximately $1,330,717,000. GAMMA Investing LLC raised its stake in shares of TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after buying an additional 2,892,151 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of TJX Companies by 65.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after buying an additional 1,302,845 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TJX Companies during the 4th quarter worth $136,753,000. Finally, Amundi increased its holdings in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after acquiring an additional 1,104,292 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.2%

Shares of NYSE TJX opened at $139.85 on Thursday. The firm has a 50-day moving average of $132.27 and a 200 day moving average of $127.31. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The stock has a market cap of $155.64 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's payout ratio is 38.72%.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Erste Group Bank started coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating for the company. Finally, Sanford C. Bernstein lifted their price objective on TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and a consensus price target of $147.58.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.

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