APG Asset Management N.V. Reduces Position in The TJX Companies, Inc. $TJX

Key Points

• APG Asset Management N.V. reduced its stake in TJX Companies by 8.5%, now holding approximately 1.15 million shares valued at $129.9 million.
• Shares of TJX Companies recently opened at $136.38, marking a significant increase from its one-year low of $111.22 and approaching its one-year high of $145.58.
• TJX Companies reported a quarterly earnings per share of $1.10, exceeding analyst expectations of $1.01, along with a revenue increase of 6.9% year-over-year.

APG Asset Management N.V. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,152,092 shares of the apparel and home fashions retailer's stock after selling 107,268 shares during the period. APG Asset Management N.V. owned approximately 0.10% of TJX Companies worth $129,906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after acquiring an additional 1,099,129 shares during the last quarter. Northern Trust Corp increased its holdings in shares of TJX Companies by 15.2% in the 4th 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 purchasing an additional 1,845,225 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock worth $1,591,758,000 after purchasing an additional 35,800 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of TJX Companies during the first quarter valued at $1,330,717,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TJX has been the subject of a number of recent analyst reports. Bank of America boosted their target price on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Wells Fargo & Company lifted their price target on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Daiwa Capital Markets started coverage on shares of TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. TD Securities raised their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $147.58.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX traded up $1.14 during midday trading on Tuesday, reaching $136.64. The stock had a trading volume of 6,523,400 shares, compared to its average volume of 5,467,022. The company has a market capitalization of $152.64 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 3.05 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The stock has a 50-day moving average of $127.22 and a 200-day moving average of $125.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $14.12 billion. During the same quarter last year, the business earned $0.96 EPS. The business'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. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 38.72%.

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.