KLP Kapitalforvaltning AS Trims Stock Position in The TJX Companies, Inc. $TJX

Key Points

• KLP Kapitalforvaltning AS reduced its stake in The TJX Companies by 4.8%, selling 23,800 shares, leaving it with 470,700 shares valued at approximately $58.12 million.
• Multiple institutional investors increased their holdings in TJX Companies, with Brighton Jones LLC leading with a 113.7% increase in the fourth quarter.
• TJX Companies reported earnings of $1.10 per share, exceeding estimates, with a net margin of 8.59% and revenue growth of 6.9% year-over-year for the last quarter.

KLP Kapitalforvaltning AS trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 470,700 shares of the apparel and home fashions retailer's stock after selling 23,800 shares during the quarter. KLP Kapitalforvaltning AS's holdings in TJX Companies were worth $58,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC raised its holdings in 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 worth $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC raised its holdings in TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after purchasing an additional 955 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in TJX Companies by 1.7% in the first quarter. Gateway Investment Advisers LLC now owns 18,260 shares of the apparel and home fashions retailer's stock valued at $2,224,000 after purchasing an additional 311 shares during the period. Finally, Miracle Mile Advisors LLC boosted its holdings in TJX Companies by 10.1% in the 1st quarter. Miracle Mile Advisors LLC now owns 23,233 shares of the apparel and home fashions retailer's stock valued at $2,830,000 after purchasing an additional 2,131 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX Companies stock opened at $143.32 on Tuesday. The firm has a market capitalization of $159.51 billion, a PE ratio of 32.65, a P/E/G ratio of 3.18 and a beta of 0.92. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The firm's 50-day simple moving average is $136.87 and its 200 day simple moving average is $129.66. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

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

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup increased their target price on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. UBS Group increased their price objective on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a research report on Monday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $155.00 price target (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Robert W. Baird raised their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $147.63.

TJX Companies Profile

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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