Amundi Sells 1,606,066 Shares of The TJX Companies, Inc. $TJX

Key Points

• Amundi cut its TJX Companies position by 18.6% in the second quarter, selling 1.61 million shares and retaining 7.03 million shares worth approximately $1.06 billion. Institutional investors collectively own 91.09% of the stock.
• TJX reported quarterly EPS of $1.22, exceeding estimates by $0.03, while revenue rose 5.4% year over year to $15.18 billion. The company also maintained a $0.48 quarterly dividend, equivalent to a 1.5% yield.
• Despite recent insider selling and the stock opening at $132.09—near its 12-month low—analysts remain broadly positive, assigning the shares a “Moderate Buy” consensus rating and an average price target of $171.63.

Amundi decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 18.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,026,149 shares of the apparel and home fashions retailer's stock after selling 1,606,066 shares during the quarter. Amundi owned 0.64% of TJX Companies worth $1,064,462,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake 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 worth $25,000 after acquiring an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth $26,000. Imprint Wealth LLC bought a new position in TJX Companies in the 3rd quarter worth $27,000. Finally, IMG Wealth Management Inc. raised its holdings in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock worth $27,000 after purchasing an additional 69 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jackwyn Nemerov sold 957 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares of the company's stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $132.09 on Monday. The stock has a 50-day moving average price of $150.02 and a 200 day moving average price of $155.34. The stock has a market capitalization of $145.30 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.38 and a beta of 0.60. The TJX Companies, Inc. has a 12-month low of $130.15 and a 12-month high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same period in the previous year, the firm earned $1.10 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. TJX Companies's payout ratio is 35.49%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TJX shares. Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an "overweight" rating in a report on Thursday, August 20th. BTIG Research reaffirmed a "buy" rating and issued a $190.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. Erste Group Bank cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Barclays set a $188.00 price objective on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, August 20th. Finally, Robert W. Baird increased their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $171.63.

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.

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