The Manufacturers Life Insurance Company Sells 59,844 Shares of The TJX Companies, Inc. $TJX

The Manufacturers Life Insurance Company cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 869,113 shares of the apparel and home fashions retailer’s stock after selling 59,844 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of TJX Companies worth $131,670,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Danske Bank A S acquired a new position in TJX Companies during the 2nd quarter worth approximately $829,000. J.Safra Asset Management Corp grew its stake in shares of TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after acquiring an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $2,559,000. Man Group plc purchased a new stake in shares of TJX Companies in the second quarter valued at about $217,422,000. Finally, Sigma Planning Corp raised its holdings in shares of TJX Companies by 82.0% in the second quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock valued at $3,167,000 after purchasing an additional 9,417 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 0.2%

Shares of TJX stock opened at $126.19 on Friday. The company has a 50 day moving average of $147.56 and a 200-day moving average of $154.33. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $124.87 and a 12-month high of $170.00. The firm has a market cap of $138.81 billion, a P/E ratio of 23.33, a PEG ratio of 2.28 and a beta of 0.60.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. TJX Companies’s revenue for the quarter 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 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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. Evercore reissued an “outperform” rating and set a $173.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Weiss Ratings downgraded TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Truist Financial set a $190.00 target price on TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.63.

TJX Companies Profile

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.