Manning & Napier Advisors LLC Invests $149.82 Million in The TJX Companies, Inc. $TJX

Key Points

• Manning & Napier Advisors established a new TJX Companies position worth approximately $149.8 million, purchasing 988,894 shares and making TJX about 1.9% of its portfolio.
• TJX reported quarterly earnings of $1.22 per share and revenue of $15.18 billion, exceeding analyst estimates, while revenue increased 5.4% year over year.
• Analysts maintain a generally bullish view, with a “Moderate Buy” consensus and an average price target of $173.89; TJX also declared a quarterly dividend of $0.48 per share.

Manning & Napier Advisors LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 988,894 shares of the apparel and home fashions retailer's stock, valued at approximately $149,817,000. TJX Companies accounts for approximately 1.9% of Manning & Napier Advisors LLC's investment portfolio, making the stock its 19th biggest holding. Manning & Napier Advisors LLC owned approximately 0.09% of TJX Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its position in TJX Companies by 120.3% in the 4th 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 in the last quarter. Entrust Financial LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies in the fourth quarter worth $26,000. Joseph Group Capital Management acquired a new position in shares of TJX Companies in the fourth quarter worth $27,000. Finally, IMG Wealth Management Inc. raised its holdings in shares of TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock worth $27,000 after acquiring an additional 69 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 29,549 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares of the company's stock, valued at $87,051,761. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,367 shares of company stock valued at $20,959,476 over the last 90 days. 0.15% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.2%

TJX stock opened at $140.78 on Tuesday. The firm has a market cap of $155.51 billion, a PE ratio of 26.02, a PEG ratio of 2.71 and a beta of 0.62. The TJX Companies, Inc. has a 1 year low of $134.74 and a 1 year high of $170.00. The company has a fifty day simple moving average of $155.10 and a 200 day simple moving average of $156.60. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The business's quarterly revenue 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on TJX. Robert W. Baird lifted their price objective on TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Gordon Haskett reaffirmed an "accumulate" rating and issued a $155.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Evercore reaffirmed an "outperform" rating and set a $173.00 price target on shares of TJX Companies in a research note on Thursday. BTIG Research reiterated a "buy" rating and set a $190.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Finally, Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an "overweight" rating in a research note on Thursday. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.89.

About TJX Companies

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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