Lansforsakringar Fondforvaltning AB publ Sells 12,903 Shares of The TJX Companies, Inc. $TJX

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in The TJX Companies by 3.5%, selling 12,903 shares and holding a total of 359,810 shares valued at approximately $43.8 million.
• The TJX Companies reported an earnings per share (EPS) of $1.10 for the last quarter, surpassing analysts' expectations of $1.01, and increased revenue by 6.9% year-over-year.
• Investors can expect a quarterly dividend payment of $0.425 per share, representing an annual yield of 1.2%, with an ex-dividend date set for August 14th.

Lansforsakringar Fondforvaltning AB publ lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 359,810 shares of the apparel and home fashions retailer's stock after selling 12,903 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in TJX Companies were worth $43,825,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TJX. TCTC Holdings LLC increased its position in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its position in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in TJX Companies during the first quarter worth about $37,000. Finally, Rialto Wealth Management LLC increased its position in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Morgan Stanley lifted their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Sanford C. Bernstein increased their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, Bank of America increased their target price on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of "Buy" and an average price target of $147.58.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

TJX Companies Trading Down 0.4%

NYSE TJX traded down $0.49 during trading hours on Friday, reaching $136.63. The company's stock had a trading volume of 4,116,829 shares, compared to its average volume of 5,607,160. The firm has a fifty day simple moving average of $128.35 and a 200-day simple moving average of $125.89. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The stock has a market cap of $152.63 billion, a P/E ratio of 31.12, a P/E/G ratio of 3.07 and a beta of 0.89. 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 announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating 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 business had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The firm's revenue 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. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's payout ratio is 38.72%.

TJX Companies Company 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.