Wellington Management Group LLP Sells 1,156,416 Shares of The TJX Companies, Inc. $TJX

Wellington Management Group LLP reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 8.7% in the second quarter, Holdings Channel.com reports. The fund owned 12,169,208 shares of the apparel and home fashions retailer’s stock after selling 1,156,416 shares during the period. Wellington Management Group LLP’s holdings in TJX Companies were worth $1,843,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss Life Asset Management Ltd boosted its position in TJX Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after acquiring an additional 32,407 shares during the last quarter. Danske Bank A S acquired a new position in TJX Companies in the 2nd quarter valued at $829,000. J.Safra Asset Management Corp raised its holdings in 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 valued at $1,045,000 after acquiring an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $2,559,000. Finally, Man Group plc purchased a new position in shares of TJX Companies during the 2nd quarter worth $217,422,000. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is currently owned by company insiders.

TJX Companies Trading Up 0.7%

TJX stock opened at $135.16 on Friday. The company has a market cap of $149.31 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.60 and a beta of 0.62. 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 business has a fifty day simple moving average of $152.86 and a 200-day simple moving average of $156.07. 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 issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping 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 analyst estimates of $15.16 billion. During the same period last year, the company posted $1.10 EPS. The business’s quarterly revenue 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. On average, equities research analysts expect that The TJX Companies, Inc. will post 5.2 EPS for the current year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TJX shares. BTIG Research reaffirmed a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. JPMorgan Chase & Co. increased their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Jefferies Financial Group lowered TJX Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $180.00 to $145.00 in a research note on Wednesday. Wells Fargo & Company lowered their price target on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, August 20th. Finally, Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $182.00 to $154.00 in a research note on Thursday, August 20th. Two 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.84.

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.