Lombard Odier Asset Management Europe Ltd Trims Stock Position in The TJX Companies, Inc. $TJX

Lombard Odier Asset Management Europe Ltd trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 99.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,720 shares of the apparel and home fashions retailer’s stock after selling 10,343,110 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in TJX Companies were worth $11,324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in shares of TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Dogwood Wealth Management LLC raised its position in TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. Entrust Financial LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $26,000. Finally, GGM Financials LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $27,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director directly owned 802 shares of the company’s stock, valued at approximately $135,209.18. This represents a 54.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

TJX Companies Stock Down 0.7%

TJX stock opened at $166.20 on Wednesday. The stock has a market capitalization of $183.60 billion, a P/E ratio of 32.27, a P/E/G ratio of 3.63 and a beta of 0.62. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $170.00. The firm has a 50-day simple moving average of $157.82 and a 200-day simple moving average of $156.32. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period in the previous year, the business earned $0.92 EPS. TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TJX shares. Weiss Ratings cut shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Citigroup reaffirmed a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company restated an “outperform” rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Evercore reaffirmed an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $174.58.

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.