Pictet Asset Management Holding SA Sells 20,808 Shares of The TJX Companies, Inc. $TJX

Key Points

• Pictet Asset Management trimmed its stake in The TJX Companies by 2.8%, selling 20,808 shares in Q4 and now holds 719,275 shares valued at about $110.49 million (≈0.06% of the company).
• CEO Ernie Herrman sold 30,000 shares on March 2 at an average price of $160.95 for roughly $4.83 million, cutting his position by 5.89% to 479,316 shares; insiders own about 0.13% of TJX.
• TJX beat quarterly expectations with EPS of $1.43 vs. $1.38 and revenue of $17.74B vs. $17.36B, provided FY2027 EPS guidance of 4.930–5.020, and raised its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield).

Pictet Asset Management Holding SA reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 719,275 shares of the apparel and home fashions retailer's stock after selling 20,808 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of TJX Companies worth $110,491,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its holdings in TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 92 shares during the period. GGM Financials LLC bought a new position in TJX Companies in the 3rd quarter valued at about $27,000. Imprint Wealth LLC bought a new position in TJX Companies in the 3rd quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp bought a new position in TJX Companies in the 3rd quarter valued at about $28,000. Finally, Miller Global Investments LLC bought a new position in TJX Companies in the 4th quarter valued at about $28,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.4%

Shares of NYSE TJX opened at $157.65 on Tuesday. The company has a market capitalization of $174.49 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 3.61 and a beta of 0.73. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The company's 50 day moving average price is $158.51 and its 200-day moving average price is $153.41.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results 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 company's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. Equities analysts forecast that The TJX Companies, Inc. will post 5.06 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 14th. This is a boost from TJX Companies's previous quarterly dividend of $0.43. TJX Companies's dividend payout ratio is presently 34.84%.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the business's 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 owned 479,316 shares in the company, 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 at the SEC website. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on TJX. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Barclays lifted their price target on shares of TJX Companies from $172.00 to $183.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. Argus raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, March 3rd. BTIG Research reaffirmed a "buy" rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Finally, 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 report on Monday, February 23rd. Four investment analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. According to MarketBeat, TJX Companies has a consensus rating of "Buy" and an average price target of $167.55.

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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