869,113 Shares in The TJX Companies, Inc. $TJX Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 869,113 shares of the apparel and home fashions retailer's stock, valued at approximately $131,670,000. The Manufacturers Life Insurance Company owned approximately 0.08% of TJX Companies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss Life Asset Management Ltd boosted its stake in TJX Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer's stock valued at $57,363,000 after acquiring an additional 32,407 shares during the last quarter. Danske Bank A S bought a new stake in shares of TJX Companies during the 2nd quarter valued at $829,000. J.Safra Asset Management Corp raised its position in shares of TJX Companies by 78.3% during the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer's stock valued at $1,045,000 after acquiring an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $2,559,000. Finally, BNP Paribas lifted its stake in shares of TJX Companies by 346.0% in the 4th quarter. BNP Paribas now owns 11,626 shares of the apparel and home fashions retailer's stock valued at $1,786,000 after purchasing an additional 9,019 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Up 0.2%

Shares of TJX Companies stock opened at $140.78 on Tuesday. The company has a market capitalization of $155.51 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The business has a 50-day moving average of $155.10 and a two-hundred day moving average of $156.60. The TJX Companies, Inc. has a 1 year low of $134.74 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same quarter in the previous year, the business posted $1.10 EPS. TJX Companies's revenue for the quarter was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, equities analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies's dividend payout ratio is 35.49%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Thursday, May 21st. Evercore reissued an "outperform" rating and issued a $173.00 target price on shares of TJX Companies in a research note on Thursday. Weiss Ratings cut TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Wall Street Zen lowered TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Telsey Advisory Group upped their price target on TJX Companies from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $173.89.

Insider Activity at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of the firm's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the sale, the chief financial officer directly owned 64,257 shares in the company, valued at $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock worth $20,959,476 over the last three months. 0.15% of the stock is currently owned by insiders.

TJX Companies Company 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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