Corebridge Financial Inc. Reduces Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Corebridge Financial Inc. decreased its stake in The TJX Companies by 4.3%, currently holding 306,243 shares valued at approximately $37.3 million.
• The TJX Companies reported earnings per share of $1.10 for the last quarter, beating estimates by $0.09 and showing a year-over-year revenue increase of 6.9%.
• TJX Companies recently declared a quarterly dividend of $0.425 per share, which will be paid on September 4th, representing an annualized yield of 1.2%.

Corebridge Financial Inc. trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,243 shares of the apparel and home fashions retailer's stock after selling 13,781 shares during the period. Corebridge Financial Inc.'s holdings in TJX Companies were worth $37,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clear Creek Financial Management LLC boosted its position in shares of TJX Companies by 1.8% in the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after purchasing an additional 83 shares during the period. Knuff & Co LLC raised its stake in TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after purchasing an additional 83 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after purchasing an additional 86 shares in the last quarter. Financial Network Wealth Advisors LLC raised its stake in shares of TJX Companies by 7.8% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock valued at $147,000 after acquiring an additional 87 shares during the period. Finally, Amplius Wealth Advisors LLC increased its stake in TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after buying an additional 93 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TJX. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average target price of $147.58.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Trading Up 0.4%

NYSE TJX traded up $0.61 during trading hours on Wednesday, reaching $137.29. The company had a trading volume of 4,521,060 shares, compared to its average volume of 5,516,427. The stock has a 50-day moving average of $127.79 and a 200 day moving average of $125.71. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $153.37 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. 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 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 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.