E Fund Management Co. Ltd. Sells 4,239 Shares of The TJX Companies, Inc. $TJX

Key Points

• E Fund Management Co. Ltd. reduced its holdings in The TJX Companies by 54.5% during the first quarter, leaving them with 3,533 shares valued at approximately $430,000.
• TJX Companies announced a quarterly dividend of $0.425 per share, with a dividend yield of 1.3% and a payout ratio of 40.00%.
• Recent analyst upgrades for TJX stocks include Citigroup raising its rating to "buy" and an increased price target from several firms, indicating strong investor confidence.

E Fund Management Co. Ltd. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 54.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,533 shares of the apparel and home fashions retailer's stock after selling 4,239 shares during the period. E Fund Management Co. Ltd.'s holdings in TJX Companies were worth $430,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in TJX Companies in the 1st quarter valued at $1,330,717,000. GAMMA Investing LLC lifted its holdings in TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after purchasing an additional 2,892,151 shares in the last quarter. Capital Research Global Investors boosted its position in TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares during the last quarter. Northern Trust Corp boosted its position in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, 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. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. TD Securities raised their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average target price of $141.33.

TJX Companies Price Performance

TJX stock traded up $1.3470 during trading on Tuesday, hitting $134.4070. The company had a trading volume of 3,437,418 shares, compared to its average volume of 5,282,885. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $126.05 and a 200 day moving average of $125.16. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $135.85. The firm has a market capitalization of $150.15 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 3.09 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The business's quarterly revenue was up 5.1% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

About TJX Companies

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.