Legal & General Group Plc Grows Stake in The TJX Companies, Inc. $TJX

Key Points

• Legal & General Group Plc increased its stake in The TJX Companies by 1.4% to 5,770,270 shares (about $834.0M), as part of a landscape where institutional investors own roughly 91.09% of the stock.
• CEO Ernie Herrman sold 30,000 shares on March 2 for approximately $4.83M, reducing his position by 5.89%; company insiders now own just 0.13% of TJX.
• TJX beat quarterly expectations (EPS $1.43 vs. $1.38; revenue $17.74B, +8.5% YoY), provided FY2027 EPS guidance of $4.93–5.02, and has broad Wall Street support with a consensus target of $167.55 and multiple upward price-target revisions.

Legal & General Group Plc raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,770,270 shares of the apparel and home fashions retailer's stock after purchasing an additional 78,997 shares during the period. Legal & General Group Plc owned 0.52% of TJX Companies worth $834,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TJX. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer's stock worth $14,737,557,000 after purchasing an additional 820,730 shares during the period. State Street Corp raised its holdings in TJX Companies by 0.6% during the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer's stock valued at $6,001,063,000 after buying an additional 285,737 shares during the period. Geode Capital Management LLC lifted its position in TJX Companies by 1.2% in the second quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer's stock worth $3,205,927,000 after buying an additional 301,127 shares during the last quarter. Norges Bank bought a new stake in TJX Companies in the second quarter worth $1,808,774,000. Finally, Invesco Ltd. boosted its stake in TJX Companies by 0.9% during the second quarter. Invesco Ltd. now owns 9,081,087 shares of the apparel and home fashions retailer's stock worth $1,121,423,000 after buying an additional 80,487 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

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

Wall Street Analyst Weigh In

TJX has been the topic of a number of analyst reports. Argus upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, March 3rd. Evercore raised their target price on shares of TJX Companies from $162.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, November 20th. Telsey Advisory Group upped their price target on shares of TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. Wells Fargo & Company reissued a "positive" rating and issued a $150.00 price objective (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. raised their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $167.55.

TJX Companies Stock Performance

TJX stock opened at $158.06 on Tuesday. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $162.68. The firm has a market cap of $175.52 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 3.67 and a beta of 0.73. The business's fifty day simple moving average is $155.33 and its two-hundred day simple moving average is $148.87. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.05. The firm 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%. The business's revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 earnings per share. 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. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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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