News about TJX Companies

Jim Cramer's Charitable Trust is selling 150 TJX Companies shares at about $146 each, leaving it with 975 shares and cutting the position's weight to about 3.7% from 4.25%. The stock had fallen from $150 to around $123 in mid-September after earnings, and the trust added to its holding three times during that decline, at $140, $138 and $125. The sale locks in a gain of about 130% on shares bought in August 2022 and trims a position that had become outsized. Although the trust believes TJX has addressed the same-store sales slowdown at its Marmaxx division, the sale creates room in case the fix takes longer than expected.