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

The Manufacturers Life Insurance Company reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.4% during the second quarter, Holdings Channel reports. The firm owned 869,113 shares of the apparel and home fashions retailer’s stock after selling 59,844 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in TJX Companies were worth $131,670,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in shares of TJX Companies by 120.3% in the 4th 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 in the last quarter. Entrust Financial LLC purchased a new stake in TJX Companies in the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. raised its holdings in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Cetera Trust Company N.A purchased a new position in shares of TJX Companies in the second quarter worth $27,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $126.19 on Friday. 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. The TJX Companies, Inc. has a 1-year low of $124.87 and a 1-year high of $170.00. The company has a 50 day simple moving average of $147.56 and a two-hundred day simple moving average of $154.33. 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 announced 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 net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the firm earned $1.10 EPS. The company’s 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. Equities analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent research reports. Erste Group Bank downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Wells Fargo & Company reduced their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, August 20th. Robert W. Baird increased their price target on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. BTIG Research restated a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $171.63.

About TJX Companies

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.