Royal London Asset Management Ltd. Has $89.53 Million Stock Holdings in The TJX Companies, Inc. $TJX

Royal London Asset Management Ltd. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 590,972 shares of the apparel and home fashions retailer’s stock after selling 5,838 shares during the quarter. Royal London Asset Management Ltd.’s holdings in TJX Companies were worth $89,532,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its holdings in shares of 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 acquiring an additional 89 shares during the period. Entrust Financial LLC bought a new position in TJX Companies during the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $26,000. IMG Wealth Management Inc. lifted its holdings in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A acquired a new position in shares of TJX Companies during the second quarter worth about $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 in the last quarter. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. BTIG Research reiterated a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Gordon Haskett reissued an “accumulate” rating and issued a $155.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a research note 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 given a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $172.84.

TJX Companies Trading Up 0.7%

Shares of NYSE:TJX opened at $135.16 on Friday. The company has a 50-day simple moving average of $152.86 and a 200 day simple moving average of $156.07. The company has a market capitalization of $149.31 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The TJX Companies, Inc. has a 52-week low of $133.55 and a 52-week high of $170.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (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 firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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 forecast that The TJX Companies, Inc. will post 5.2 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is 35.49%.

TJX Companies Profile

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.