Fundsmith LLP Invests $344.30 Million in The TJX Companies, Inc. $TJX

Fundsmith LLP bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,272,592 shares of the apparel and home fashions retailer's stock, valued at approximately $344,298,000. TJX Companies accounts for about 2.5% of Fundsmith LLP's investment portfolio, making the stock its 21st largest position. Fundsmith LLP owned about 0.21% of TJX Companies as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in TJX. BlackRock Inc. purchased a new position in shares of TJX Companies during the 2nd quarter valued at about $16,489,926,000. Geode Capital Management LLC grew its stake in shares of TJX Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer's stock worth $4,134,174,000 after purchasing an additional 673,690 shares during the period. Bank of America Corp DE increased its holdings in shares of TJX Companies by 2.0% during the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer's stock valued at $3,935,630,000 after purchasing an additional 495,989 shares in the last quarter. Capital International Investors increased its holdings in shares of TJX Companies by 2.0% during the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer's stock valued at $2,455,911,000 after purchasing an additional 308,408 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of TJX Companies in the 4th quarter valued at $2,211,975,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director directly owned 802 shares in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction on 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 completion of the transaction, the chairman directly owned 201,496 shares of the company's stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TJX. Gordon Haskett reissued an "accumulate" rating and set a $155.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Evercore reissued an "outperform" rating and set a $173.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Erste Group Bank cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group lowered TJX Companies from a "buy" rating to a "hold" rating and cut their price target for the company from $180.00 to $145.00 in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $172.84.

TJX Companies Price Performance

TJX Companies stock opened at $135.16 on Monday. The stock has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.44 and a beta of 0.62. The company's fifty day moving average price is $152.86 and its 200 day moving average price is $156.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The TJX Companies, Inc. has a 1 year low of $133.55 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion during the quarter, compared to analysts' expectations of $15.16 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm'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 research analysts anticipate that The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

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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