The Manufacturers Life Insurance Company Makes New $131.67 Million Investment in The TJX Companies, Inc. $TJX

The Manufacturers Life Insurance Company purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 869,113 shares of the apparel and home fashions retailer’s stock, valued at approximately $131,670,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC acquired a new stake in TJX Companies in the 4th quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the 4th quarter worth about $26,000. Joseph Group Capital Management acquired a new position in shares of TJX Companies during the 4th quarter worth about $27,000. Finally, IMG Wealth Management Inc. boosted its stake in shares of TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.2%

TJX stock opened at $140.78 on Tuesday. The TJX Companies, Inc. has a one year low of $134.74 and a one year high of $170.00. The stock has a market cap of $155.51 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The company has a fifty day moving average price of $155.10 and a two-hundred day moving average price of $156.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. 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. Equities analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

Insider Activity at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares of the company’s stock, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was 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. Over the last three months, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TJX shares. Wells Fargo & Company lowered their target price on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 20th. Gordon Haskett reissued an “accumulate” rating and set a $155.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $182.00 to $154.00 in a research note on Thursday. Evercore reaffirmed an “outperform” rating and set a $173.00 price target on shares of TJX Companies in a research report on Thursday. Finally, Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus 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.