Sumitomo Mitsui DS Asset Management Company Ltd Sells 20,295 Shares of The TJX Companies, Inc. $TJX

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,093 shares of the apparel and home fashions retailer's stock after selling 20,295 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in TJX Companies were worth $36,727,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC raised its position in shares of 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 worth $26,000 after acquiring an additional 92 shares in the last quarter. GGM Financials LLC bought a new stake in TJX Companies during the third quarter valued at about $27,000. Joseph Group Capital Management purchased a new position in TJX Companies in the fourth quarter valued at about $27,000. Imprint Wealth LLC purchased a new position in TJX Companies in the third quarter valued at about $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in TJX Companies in the third quarter worth about $28,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX opened at $154.94 on Wednesday. The company has a market cap of $171.34 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 3.56 and a beta of 0.64. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm's 50-day moving average price is $158.44 and its 200-day moving average price is $153.79. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $17.36 billion. During the same period last year, the business earned $1.23 EPS. TJX Companies's revenue for the quarter was up 8.5% on a year-over-year basis. 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. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 5.06 EPS for the current fiscal year.

TJX Companies Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Argus raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, March 3rd. Telsey Advisory Group boosted their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. BTIG Research restated a "buy" rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Finally, Weiss Ratings raised shares of TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a report on Wednesday, April 1st. Four analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $167.55.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares of the company's stock, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Company 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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