The TJX Companies, Inc. $TJX Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in TJX by 3.9%, selling 105,654 shares and now owns 2,599,294 shares (~0.23% of the company) valued at $399.28M, while several other institutions materially increased positions and institutional ownership sits at 91.09%.
• TJX beat Q4 estimates with $1.43 EPS versus $1.38 expected and revenue of $17.74B versus $17.36B (revenue +8.5% YoY), and issued FY2027 guidance of $4.93–$5.02 EPS and Q1 guidance of $0.97–$0.99.
• Corporate actions: TJX raised its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield), and CEO Ernie Herrman sold 30,000 shares (~$4.83M), reducing his ownership to 479,316 shares.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,599,294 shares of the apparel and home fashions retailer's stock after selling 105,654 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of TJX Companies worth $399,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Alliancebernstein L.P. boosted its holdings in TJX Companies by 91.6% in the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock valued at $970,185,000 after purchasing an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC lifted its stake in TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock valued at $620,406,000 after buying an additional 2,743,676 shares during the last quarter. Amundi lifted its stake in TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock valued at $1,391,822,000 after buying an additional 1,761,281 shares during the last quarter. Mackenzie Financial Corp lifted its stake in TJX Companies by 81.2% in the third quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock valued at $462,323,000 after buying an additional 1,433,801 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its stake in TJX Companies by 198.8% in the third quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer's stock valued at $296,779,000 after buying an additional 1,366,066 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 2.0%

TJX opened at $161.63 on Friday. 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 has a market cap of $178.89 billion, a P/E ratio of 33.12, a PEG ratio of 3.72 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 business's fifty day simple moving average is $157.35 and its 200 day simple moving average is $152.04.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. 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 research analysts anticipate that The TJX Companies, Inc. will post 4.18 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. Investors of record on Thursday, May 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from TJX Companies's previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is 34.84%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TJX. UBS Group reiterated a "buy" rating on shares of TJX Companies in a research note on Wednesday, March 4th. BTIG Research reiterated a "buy" rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Finally, Barclays boosted their price objective on TJX Companies from $172.00 to $183.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $167.55.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares of the company's stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. 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 currently owned by insiders.

TJX Companies 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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