Legal & General Group Plc Acquires New Position in The TJX Companies, Inc. $TJX

Legal & General Group Plc acquired 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 and Exchange Commission. The firm acquired 5,328,735 shares of the apparel and home fashions retailer's stock, valued at approximately $807,303,000. Legal & General Group Plc owned approximately 0.48% of TJX Companies as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Bison Wealth LLC lifted its position in TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after acquiring an additional 955 shares in the last quarter. United Bank boosted its stake in TJX Companies by 7.6% during the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock valued at $2,013,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Schnieders Capital Management LLC. purchased a new stake in TJX Companies during the 2nd quarter valued at $244,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director directly owned 802 shares of the company's stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of the business'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 sale, the chairman 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. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 in the last ninety days. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

TJX has been the subject of several recent analyst reports. Morgan Stanley set a $178.00 price target on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday. Evercore reaffirmed an "outperform" rating and set a $173.00 price objective on shares of TJX Companies in a research report on Thursday. Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $182.00 to $154.00 in a report on Thursday. Gordon Haskett reissued an "accumulate" rating and issued a $155.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of TJX Companies in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $173.89.

TJX Companies Trading Up 0.2%

NYSE:TJX opened at $140.78 on Tuesday. The company has a market cap of $155.51 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $155.10 and a two-hundred day simple moving average of $156.60. The TJX Companies, Inc. has a 12 month low of $134.74 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. 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. Research analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced 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 of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies's dividend payout ratio is currently 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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