The TJX Companies, Inc. $TJX Shares Sold by Swiss National Bank

Key Points

• Swiss National Bank reduced its stake in TJX by 4.9% in Q3, selling 165,800 shares and now owning 3,215,900 shares (about 0.29% of the company) valued at roughly $464.8 million.
• TJX beat quarterly expectations with $1.43 EPS vs. $1.38 expected and $17.74 billion revenue (up 8.5% YoY), and set FY2027 EPS guidance of $4.93–$5.02 and Q1 guidance of $0.97–$0.99.
• CEO Ernie Herrman sold 30,000 shares on March 2 for about $4.83 million, reducing his position by ~5.9% (company insiders own 0.13% of shares).

Swiss National Bank decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,215,900 shares of the apparel and home fashions retailer's stock after selling 165,800 shares during the period. Swiss National Bank owned 0.29% of TJX Companies worth $464,826,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TJX. Dogwood Wealth Management LLC boosted its holdings in 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 during the period. GGM Financials LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $27,000. Lavaca Capital LLC acquired a new position in shares of TJX Companies during the second quarter worth $25,000. Highline Wealth Partners LLC boosted its stake in shares of TJX Companies by 65.0% in the third quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer's stock valued at $33,000 after purchasing an additional 91 shares during the period. Finally, Howard Hughes Medical Institute purchased a new position in shares of TJX Companies in the second quarter valued at $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $159.61 on Monday. The stock has a market capitalization of $177.24 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 3.67 and a beta of 0.73. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $162.68. The company's 50-day simple moving average is $155.30 and its 200-day simple moving average is $148.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same period in the previous year, the company earned $1.23 earnings per share. TJX Companies's quarterly revenue 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. Equities 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 declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, February 12th. TJX Companies's payout ratio is 34.84%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the company's stock in a transaction that occurred 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 directly owned 479,316 shares of the company's stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of TJX Companies in a report on Tuesday, January 6th. Wells Fargo & Company reiterated a "positive" rating and issued a $150.00 price target (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Morgan Stanley reissued an "overweight" rating and issued a $162.00 price target (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Jefferies Financial Group restated a "buy" rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, November 11th. Finally, Barclays lifted their price objective on TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average price target of $167.55.

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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