The Manufacturers Life Insurance Company Cuts Stake in The TJX Companies, Inc. $TJX

Key Points

• The Manufacturers Life Insurance Company reduced its stake in The TJX Companies by 1.5%, selling 12,305 shares, leaving it with approximately 793,392 shares valued at $96.63 million.
• Institutional investors now own 91.09% of TJX Companies, with several firms, including Brighton Jones LLC and Bison Wealth LLC, significantly increasing their holdings in recent months.
• TJX Companies reported earnings of $1.10 per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.425 per share, reflecting a 1.2% yield.

The Manufacturers Life Insurance Company cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 793,392 shares of the apparel and home fashions retailer's stock after selling 12,305 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of TJX Companies worth $96,630,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TJX. Brighton Jones LLC lifted its holdings in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings 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 worth $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC lifted its holdings 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 worth $466,000 after purchasing an additional 955 shares in the last quarter. Keel Point LLC lifted its holdings in TJX Companies by 19.2% in the 4th quarter. Keel Point LLC now owns 6,003 shares of the apparel and home fashions retailer's stock worth $725,000 after purchasing an additional 966 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in TJX Companies by 0.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 216,576 shares of the apparel and home fashions retailer's stock worth $26,165,000 after purchasing an additional 1,478 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. TD Securities boosted their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Citigroup upped their price objective on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. UBS Group upped their price objective on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Wells Fargo & Company increased their price target on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Trading Down 0.4%

TJX stock traded down $0.49 during midday trading on Monday, reaching $136.63. The company's stock had a trading volume of 4,116,829 shares, compared to its average volume of 5,570,308. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The stock has a fifty day simple moving average of $128.58 and a two-hundred day simple moving average of $125.97. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The firm has a market capitalization of $152.63 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 3.07 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business's revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's dividend payout ratio (DPR) is currently 38.72%.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.