The TJX Companies, Inc. $TJX Stock Holdings Cut by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt trimmed its stake in The TJX Companies by 17.0% in Q4, selling 926,600 shares and ending the period with 4,509,665 shares worth about $692.8 million (3.0% of its portfolio, its 8th largest holding).
• Other large institutions—including AllianceBernstein, Amundi and Mackenzie—materially increased their positions, leaving hedge funds and institutional investors with roughly 91.09% ownership of TJX.
• Wall Street sentiment is broadly positive: several firms (JPMorgan, Barclays, Argus, Telsey) raised ratings/targets and the consensus is a Buy with a $167.55 target, while TJX posted an earnings beat, set FY2027 guidance of $4.93–$5.02 EPS and raised its quarterly dividend to $0.48.

Alecta Tjanstepension Omsesidigt trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,509,665 shares of the apparel and home fashions retailer's stock after selling 926,600 shares during the period. TJX Companies comprises 3.0% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 8th biggest holding. Alecta Tjanstepension Omsesidigt owned about 0.41% of TJX Companies worth $692,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Alliancebernstein L.P. lifted its position in shares of TJX Companies by 91.6% during the 3rd 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 buying an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of TJX Companies by 120.7% during the 2nd 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 in the last quarter. Amundi lifted its position in shares of TJX Companies by 22.1% during the 3rd 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 in the last quarter. Mackenzie Financial Corp raised its stake in TJX Companies by 81.2% during the 3rd 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 purchasing an additional 1,433,801 shares during the period. Finally, Steadfast Capital Management LP lifted its holdings in TJX Companies by 198.8% in the 3rd quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer's stock worth $296,779,000 after purchasing an additional 1,366,066 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on TJX Companies from $154.00 to $173.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Argus raised TJX Companies to a "strong-buy" rating in a report on Tuesday, March 3rd. Barclays boosted their price target on TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Finally, Telsey Advisory Group boosted their price target on TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company. Based on data from MarketBeat, TJX Companies currently has an average rating of "Buy" and a consensus price target of $167.55.

Insider Activity

In other 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 $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Up 0.3%

Shares of TJX opened at $155.49 on Thursday. The stock has a market capitalization of $171.94 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 3.56 and a beta of 0.64. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The business's 50 day simple moving average is $158.40 and its 200-day simple moving average is $153.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. 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 analysts expect that The TJX Companies, Inc. will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TJX Companies's payout ratio is currently 34.84%.

About TJX Companies

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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