Nordea Investment Management AB Has $1.16 Billion Holdings in The TJX Companies, Inc. $TJX

Nordea Investment Management AB raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,479,163 shares of the apparel and home fashions retailer’s stock after acquiring an additional 420,232 shares during the quarter. TJX Companies makes up 1.0% of Nordea Investment Management AB’s investment portfolio, making the stock its 13th largest holding. Nordea Investment Management AB’s holdings in TJX Companies were worth $1,155,830,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TJX. Lavaca Capital LLC purchased a new position in TJX Companies during the second quarter valued at approximately $25,000. Dogwood Wealth Management LLC increased its stake 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 valued at $26,000 after buying an additional 92 shares during the period. GGM Financials LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $27,000. Imprint Wealth LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $154.99 on Friday. The firm has a market cap of $172.11 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The company’s fifty day moving average is $155.49 and its 200-day moving average is $149.98. 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 TJX Companies, Inc. has a 12 month low of $113.98 and a 12 month high of $162.68.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. TJX Companies’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on TJX. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. UBS Group reissued a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. BTIG Research restated a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Barclays upped their target price on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus target price of $167.55.

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.