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

Royal London Asset Management Ltd. decreased 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 590,972 shares of the apparel and home fashions retailer’s stock after selling 5,838 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of TJX Companies worth $89,532,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in TJX Companies in the 2nd quarter valued at $16,489,926,000. Bank of America Corp DE bought a new position in shares of TJX Companies during the second quarter valued at $3,511,553,000. Norges Bank bought a new stake in shares of TJX Companies in the 4th quarter worth about $2,211,975,000. Bank of New York Mellon Corp acquired a new stake in shares of TJX Companies during the second quarter worth approximately $1,598,731,000. Finally, Primecap Management Co. CA acquired a new stake in shares of TJX Companies in the second quarter valued at $1,435,617,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction that occurred 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. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jackwyn Nemerov sold 957 shares of the company’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 transaction of $161,340.63. Following the completion of the sale, the director directly owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,367 shares of company stock worth $20,959,476 over the last quarter. 0.15% of the stock is owned by insiders.

TJX Companies Price Performance

TJX opened at $135.16 on Friday. The company has a fifty day moving average price of $152.86 and a two-hundred day moving average price of $156.07. 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 firm has a market capitalization of $149.31 billion, a PE ratio of 24.98, a P/E/G ratio of 2.60 and a beta of 0.62. 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 announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue 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. As a group, analysts anticipate that The TJX Companies, Inc. will post 5.2 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend 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 presently 35.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TJX shares. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 target price on shares of TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Wells Fargo & Company decreased their price target on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 20th. Telsey Advisory Group raised their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Gordon Haskett reaffirmed an “accumulate” rating and set a $155.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.84.

TJX Companies Company 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.