Wellington Management Group LLP Decreases Holdings in The TJX Companies, Inc. $TJX

Key Points

• Wellington Management cut its TJX stake by 26.4%, selling 8,603,357 shares in Q3 and now holding 24,037,493 shares (about 2.16% of the company) valued at roughly $3.47 billion.
• CEO Ernie Herrman sold 30,000 shares at an average price of $160.95 on March 2, reducing his ownership by 5.89% to 479,316 shares.
• TJX beat quarterly expectations and maintains positive guidance: the company reported $1.43 EPS vs. $1.38 expected and $17.74B revenue, set FY2027 EPS guidance of $4.93–5.02, and has an average analyst rating of "Buy" with a $167.55 price target.

Wellington Management Group LLP lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 26.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,037,493 shares of the apparel and home fashions retailer's stock after selling 8,603,357 shares during the period. TJX Companies makes up about 0.6% of Wellington Management Group LLP's investment portfolio, making the stock its 24th biggest position. Wellington Management Group LLP owned approximately 2.16% of TJX Companies worth $3,474,379,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of TJX Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer's stock valued at $14,737,557,000 after buying an additional 820,730 shares in the last quarter. State Street Corp boosted its position in shares of TJX Companies by 0.6% in the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer's stock worth $6,001,063,000 after buying an additional 285,737 shares in the last quarter. Capital International Investors grew its stake in TJX Companies by 4.2% in the 3rd quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer's stock valued at $2,266,066,000 after acquiring an additional 630,574 shares during the last quarter. Norges Bank purchased a new position in TJX Companies during the 2nd quarter valued at about $1,808,774,000. Finally, Invesco Ltd. increased its holdings in TJX Companies by 0.9% during the 2nd quarter. Invesco Ltd. now owns 9,081,087 shares of the apparel and home fashions retailer's stock valued at $1,121,423,000 after acquiring an additional 80,487 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore upped their price target on shares of TJX Companies from $162.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, November 20th. Robert W. Baird set a $168.00 price objective on shares of TJX Companies in a research note on Wednesday, December 17th. Argus raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a report on Thursday, January 8th. Finally, Guggenheim raised TJX Companies to a "strong-buy" rating in a research report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $167.55.

TJX Companies Stock Performance

NYSE:TJX opened at $155.40 on Friday. The firm has a 50 day simple moving average of $155.56 and a 200-day simple moving average of $149.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The firm has a market cap of $172.56 billion, a PE ratio of 31.84, a P/E/G ratio of 3.58 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $112.30 and a 1-year high of $162.68.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion for 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%. TJX Companies's revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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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