Voya Investment Management LLC Sells 391,212 Shares of The TJX Companies, Inc. $TJX

Key Points

• Voya Investment Management LLC reduced its stake in The TJX Companies by 20%, now holding 1,567,698 shares valued at approximately $190.9 million.
• Institutional investors own 91.09% of TJX stock, with significant increases in holdings from firms like Shell Asset Management and Pinnacle Financial Partners.
• TJX Companies reported a strong quarterly performance, exceeding earnings estimates with $1.10 EPS on revenue of $14.4 billion, reflecting a 6.9% year-over-year increase.

Voya Investment Management LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,567,698 shares of the apparel and home fashions retailer's stock after selling 391,212 shares during the period. Voya Investment Management LLC owned approximately 0.14% of TJX Companies worth $190,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TJX. Vanguard Group Inc. raised its stake in TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after buying an additional 1,099,129 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of TJX Companies by 0.3% during the first quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock valued at $1,591,758,000 after acquiring an additional 35,800 shares in the last quarter. Royal Bank of Canada raised its position in shares of TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares during the last quarter. Amundi boosted its stake in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares in the last quarter. Finally, Nuveen LLC bought a new position in TJX Companies in the 1st quarter worth about $1,330,717,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

NYSE:TJX traded down $1.28 on Friday, hitting $139.55. The stock had a trading volume of 5,173,162 shares, compared to its average volume of 5,362,153. The business's 50-day simple moving average is $131.39 and its two-hundred day simple moving average is $127.03. The stock has a market cap of $155.31 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $145.58. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

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

Wall Street Analyst Weigh In

TJX has been the subject of several recent analyst reports. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Evercore ISI raised their price target on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Morgan Stanley upped their price objective on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Citigroup boosted their price target on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Profile

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.